It was a very good year in 2010 for individual stock markets around the globe. Most of the world’s exchanges ended the year at higher levels. Of the 40 bourses in the Russell Global Index, only five suffered a loss.
Daily Archives: January 5, 2011
ADP: DECEMBER PAYROLLS SURGE
The economy created a net 297,000 jobs in the private sector last month, according to the ADP National Employment Report. That’s the largest monthly gain in the 10-year history for this series. The relatively large increase suggests that Friday’s employment report from the U.S. Bureau of Labor Statistics will bring equally encouraging news.
DO LABOR COSTS DRIVE INFLATION?
Discussions over what’s in store for the economy and the markets inevitably turn to inflation. That’s a bit odd, considering that there’s none to speak of at the moment, at least according to official yardsticks. Consumer price inflation is rising at about 1% a year, according to the U.S. Labor Department, or near the lowest pace in decades.