Japan’s Unemployment Rate Remains Unchanged in November
Japan’s unemployment rate remained unchanged at 2.5% in November from the prior month, according to government data on Tuesday. The jobless rate also met Reuters poll forecast of 2.5%. Separately, data from the Bank of Japan showed services producers price index rose 2.3% in November. Services PPI was also unchanged from the prior month’s reading.
Japan’s Nikkei 225, which opened flat on Tuesday, is set to wrap up this year with gains of over 27%. The yen traded slightly stronger against the dollar, at around 142.
The S&P 500 is up around 24% year-to-date, and the MSCI World index has jumped around 22%.
And there could be more room for investors to remain bullish in the year ahead, with the U.S. Federal Reserve indicating three more rate cuts in 2024.
CNBC Pro screened for stocks that have beaten the S&P 500 and MSCI World indexes so far this year — and that analysts have given more upside for the next 12 months.
Bitcoin is approaching a major technical event in April 2024 known as “halving.” Many investors expect this closely watched event to be a catalyst for price rallies since the cryptocurrency has been programmed to cut the supply of new bitcoin created and awarded to miners by 50% roughly every four years. CNBC Pro’s analysis of data sheds light on returns typically expected after Bitcoin halving events.
(Source: CNBC)