Daily Market Commentary

December 6, 2018

Traders of U.S. interest-rate futures are no longer certain that the Federal Reserve will raise rates even once more next year. The market-implied expectation for next year edged below a quarter point last week.

Companies added fewer workers than forecast to U.S. payrolls in November. Private payrolls increased by 179,000, below the median estimate of 195,000 and the prior month’s gain of 225,000, data from the ADP Research Institute showed Thursday.

Huawei Technologies Co.’s chief financial officer was arrested in Canada over potential violations of U.S. sanctions on Iran, provoking outrage from China and complicating thorny trade negotiations just as they
enter a critical juncture.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy or sell.

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