US jobless claims beat Expectations, Underwhelming Investors
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The number of “jobless claims” claimants across the US last week dropped by 42,000 to 346,000. Analysts were expecting a drop of just 23,000. The release seems to paint a healthier picture of the direction of economic recovery in the labour market, especially after poor US nonfarm payroll figures which came in well below expectations last month. Nonfarm payroll monitors the total no. of paid workers across the US.
Also since the Bank of Japan announced their plans for monetary easing to bring up deflation, this has boosted market sentiment.
Markets remain cautious this morning ahead of the Eurozone finance ministers who will meet to decide whether to extend the bailout loan repayments for Ireland and Portugal. It’s also thought Cyprus will be discussed at the meeting as their bailout has grown from 17.5 billion euros to 23 billion euros. European stocks opened up lower ahead of the meeting.
Read on for daily analysis stocks, forex and commodites