Market 12/04: 1.2 Million Jobs Lost Since Beginning of Year?

Key highlights:

• Number of continuing claims drops sharply

• Challenger: November job cuts slow down

• September factory orders growth slows

• Japanese bond auction surprises

• Trump considers leaving USMCA

• China-France sign cooperation agreements

• Micron focuses on AI, Meta cuts spending

• US repurchases $12.5 billion in bonds, SOFR turns down

• China buys USD to curb CNY appreciation

• Market: Weak liquidity, sellers disappear