Unemployment claims in the US surprised with an increase. In the first reaction, US100 is rising after the reading.
- Unemployment claims: 261k Expected: 235k Previously: 232k.
- Continuing claims: 1757k Expected: 1802k Previously: 1795k.
The very large surprise in the increase in applications for benefits may mean that the unemployed in the economy are increasing rapidly, but the drop in continuing applications reflects still strong employment in the economy. After the reading, the market reassured itself that Fed rates are unlikely to be raised in June.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
The market is pricing a Fed pause in June with a 72.5% probability after the claims reading. The odds of a 25 bp hike fell about 6%, to 27.5%, compared to yesterday's forecasts. Source: CME FedWatch
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
