Trading news

U.S.'s unemployment benefit claims drop

United States

Unemployment benefit claims

U.S.'s unemployment benefit claims dropped unexpectedly, despite the latest slowdown in the hiring rate, thus, indicating that the labour market maintained its current strength.

U.S.'s unemployment benefit claims drop 4,000

According to the Labour Department today, the unemployment benefit initial claims reached 264,000, declining 4,000, for the week having ended June 4.

The initial claims were predicted to rise to 270,000, still being lower than 300,000, the actual figure, for sixty-six consecutive weeks, thus performing the biggest streak since 1973.

Wholesale Inventories

The nation's wholesale inventories rose from 0.2% to 0.6%. The economists predicted the indicator to appreciate 0.1%.

Mexico

The Mexican consumer price inflation climbed from 2.54% to 2.60%. The analysts estimated the CPI to appreciate to 2.58%.

Read More

Thursday, 09 Jun, 2016 / 3:08

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-s-unemployment-benefit-claims-drop

Trading news

 

USD/JPY Breaks Through Key Resistance To 7-Month Highs

Mystery virus poses a threat to the Chinese economy and the Phase One trade [...]

Posted on Wednesday, 22 Jan, 2020 / 12:35 under

Don’t fear the virus; BoC rate decision in sight

  BoC to stay on hold, but any hints of concern might elicit sharp [...]

Posted on Wednesday, 22 Jan, 2020 / 9:46 under

Pound Gains on Jobs Data, Awaits PMIs; BoC Decision in the Spotlight

Asian equities rebounded today after China’s National Health Commission [...]

Posted on Wednesday, 22 Jan, 2020 / 8:36 under