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The manufacturing PMI for the eurozone slipped to 55.2 in December from the flash reading of 55.5, but the takeaway is that it is at its highest level since May 2018.
In the U.S., the highlight of the week is the employment report on January 8. A sharp slowdown (some are warning of an outright decline) is expected.
Canada also reports its December jobs data at the end of the week. After strong gains in recent months, Canada may have also lost jobs in December.