U.S. jobless insurance claims
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 the 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
Boxing Day Observances Keep Markets Quiet
December 26, 2013
A mixed dollar shows gains of 0.3% against the yen and loonie, 0.2% versus the Swiss franc and kiwi and 0.1% relative to the yuan and euro but declines of 0.7% against sterling and 0.5% vis-a-vis Australian dollar. Having climbed above 16,000 on Wednesday for the first time since December 2007, Japan’s Nikkei rose another […] More
