Lots of key data from the US today, one of those releases being Initial Jobless Claims at lunchtime. Markets will be keeping a close eye on today’s figures as initial jobless claims measure new and emerging unemployment in the US and have a large impact in financial markets. In the last data, markets saw the number of Americans filing new unemployment benefit claims fall from a downwardly revised 237k to 232k. Today, markets are expecting those numbers to decrease gently by 2k to 230k, pointing to tight labour conditions even in an economic growth slowdown.
After multiple speeches from the Federal Reserve yesterday, today markets can expect one key speech from the Fed’s Chair, Jerome Powell at 2:10 this afternoon.
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