U.S. jobless insurance claims

The Cavalry Isn’t Coming… Investors Are on Their Own

October 15, 2020

U.S. Treasury Secretary Mnuchin concedes that a fiscal stimulus deal before the election isn’t going to get done, and there’s little reason to expect the dynamics to shift after November 3rd. Central bankers, whose policies are hitting diminishing returns, have been pleading for more forceful fiscal support. The Dallas Fed President said displaced workers will […] More

The Debate, Central Bank News, and More Data to Digest

October 8, 2020

Any reaction to the single U.S. vice presidential debate last night has already been squashed by just-breaking news regarding the second presidential debate scheduled for October 15th in Miami. The debate commission decided that debate should be held virtually rather than in person inasmuch as President Trump and many of his advisers have Covid, and […] More

Equities Fall Even as Central Banks Commit to Maintaining Low Interest Rates

September 17, 2020

Share prices in Asia closed down 1.6% in Hong Kong, 1.2% in South Korea, 0.8% in Taiwan and India, 0.7% in Japan and 0.4% in China and Indonesia. Equities in Europe so far today have dropped 1.2% in Italy, 0.9% in France, 0.8% in Germany and Spain, and 0.5% in the U.K.. The dollar recovered […] More

Continuing Dichotomy Between Equities and Covid Spread

July 23, 2020

In the past 24 hours, the number of identified Covid-19 infections soared by 284,408 worldwide and 10,738 in the United States, and the number of associated deaths totaled 72,575 and 1,234. All four changes were greater than in the previous 24-hour period. Japanese markets are closed today and tomorrow for Marine Day and Sports Day, […] More

More Concern than Hope in Thursday’s Marketplace

June 18, 2020

It’s been a busy day for central bank watchers, as monetary policy was reviewed in the U.K., Norway, Switzerland, Brazil, Taiwan, and Indonesia. Released statements and some new data adhere to the baseline view that economic activity contracted even more sharply in the second quarter than the first but that the rate of slide began […] More

Dollar Extends Rise Amid Pandemic-Related Uncertainty

April 16, 2020

Overnight dollar gains prior to today’s report on U.S. new jobless insurance claims range from 1.0% versus the peso, 0.5% against sterling, 0.4% relative to the Australian dollar, 0.3% versus the euro and kiwi, 0.2% against the Swiss franc, and 0.1% relative to the yen, yuan, and loonie. In futures trading, the 10-year U.S. Treasury […] More

Brief Comment on U.S. Jobless Insurance Claims and Trade Deficit

April 2, 2020

New weekly jobless insurance claims, which are a proxy for layoffs, shot up by a much greater-than-forecast 6.648 million workers. This was the second big overshoot in a row, yielding a 2-week total of 9.955 million. The weekly average of new claims in the first two months of 2020 had been 212-3/8K, by comparison. As […] More

Shocking Leap in U.S. Jobless Insurance Claims Steals the Spotlight

March 26, 2020

From theĀ  outset of this week, the most feared data release was today’s report on new jobless insurance claims for the week ending March 21, which was going to capture the impact of broad business lockdowns to combat the spreading Covid-19 pandemic. New claims had averaged 251k during the four weeks through March 14, and […] More

Many Markets Still Closed

December 26, 2019

Extended Christmas holidays known in many countries as Boxing Day have kept market action to a minimum. The United States is an exception. U.S. share prices opened modestly higher. Share prices rose 0.9% in China, 0.6% in Japan, 0.4% in South Korea and Turkey but fell 0.7% in India. The dollar rose overnight by 0.4% […] More

Dollar Down Marginally Even as 10-Year Treasury Yield Rises to 10-Month High

January 18, 2018

Released Chinese data were close to expectations. Real GDP grew 1.6% on quarter in 4Q, least in three quarters, but an on-year advance of 6.8% matched the 3Q result. Real economic growth in 2017 of 6.9% exceeded 2016’s 6.7% pace, marking the first calendar year acceleration since 10.6% in 2010 after 9.4% in 2009. Property […] More

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