I'm LongbridgeAI, I can summarize articles.Overnight, the U.S. macro data performed poorly, with weak industrial capacity utilization, mixed service sector ISM data, and disappointing employment figures (including the largest loss of manufacturing jobs since the COVID-19 pandemic and significant job losses in small businesses according to ADP). This has boosted the market's dovish sentiment, making a rate cut in December almost certain, while the possibility of a rate cut in January has risen to over 30%
Overnight U.S. macro data performed poorly, with weak industrial capacity utilization, mixed services ISM data, and disappointing employment figures (including the largest loss of manufacturing jobs since the COVID-19 pandemic and significant job losses in small businesses according to ADP).
This boosted the market's dovish sentiment, making a rate cut in December a "done deal," while the likelihood of a rate cut in January rose to over 30%.
