US initial jobless claims data released at 1:30 pm BST showed 1186k million people filing for unemployment insurance for the first time. The reading came below market expectations of 1400k million and below last week's reading of 1435k (revised higher from 1434k). Continuing claims came in at 16107k. While the reading was better than expected, claims remain at a very high level relative to historical data.In spite of a beat, FX markets barely saw any reaction to the release. Stocks caught a bid.
Continuing jobless claims continued to drop while initial claims declined after last week's increase. Source: Macrobond, XTB
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices
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.
