Accordingly to the NY FED decline in the WEI is driven by the continued fall of fuel sales, to about half the level seen in 2008, due to stay-at-home orders and similar restrictions, considerably lower federal tax withholdings, a fourth successive week of initial unemployment insurance (UI) claims in the millions (4.97 million, not seasonally adjusted), and further decreases in rail traffic and electric utility output.
Economic calendar: Speeches by central bankers; quarterly results from Ferrari, AMD, and Pfizer (04.11.2025)
Morning Wrap (04.11.2025)
Daily summary: Cryptocurrencies under pressure; US100 drives Wall Street
BREAKING: UK manufacturing PMI slightly above estimates 🇬🇧 📈