US JOLTs Job Openings (Dec) 6.542M vs. Exp. 7.2M (Prev. 6.928M, Rev. From 7.146M)
The JOLTs job openings data for December reflected a significant miss at 6.542 million versus expectations of 7.2 million, indicating continued weakness in the labor market.
Shell (SHEL LN) CEO says oil market supply slightly long, balanced by geopolitical risk like Venezuela and Iran
Qatar sets March marine crude OSP at Oman/Dubai at USD -1.00/bbl and land crude OSP at Oman/Dubai at USD +0.80/bbl
US JOLTs Job Openings (Dec) 6.542M vs. Exp. 7.2M (Prev. 6.928M, Rev. From 7.146M)
Shell (SHEL LN) CEO says we do not want to sell chemicals assets at the bottom-of-cycle conditions
US EQUITY OPEN: Stock sell-off continues as Tech overvaluation concerns continue
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- Quits Rate 2.0% (prev. 2.0%)
- Vacancy Rate 3.9% (prev. 4.2%, revised from 4.3%)
This trend could suggest cooling job demand, which may influence Federal Reserve policy decisions and expectations about future rate hikes. The revisions to previous figures, including a downward adjustment, further reinforce concerns about labor market strength, potentially affecting broader economic sentiment.
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