BREAKING: jobless claims below expectations 📌

1:33 PM 19 September 2024

01:30 PM BST, United States - Employment Data:

  • Jobless Claims 4-Week Avg.: actual 227.50K; previous 231.00K;
  • Initial Jobless Claims: actual 219K; forecast 230K; previous 231K;
  • Continuing Jobless Claims: actual 1,829K; forecast 1,850K; previous 1,843K;

01:30 PM BST, United States - Philly Fed Index for September:

  • Business Conditions: actual 15.8; previous 15.4;
  • Manufacturing Index: actual 1.7; forecast -0.8; previous -7.0;
  • New Orders: actual -1.5; previous 14.6;
  • Fed Prices Paid: actual 34.00; previous 24.00;
  • Employment Data: Philly Fed Employment: actual 10.7; previous -5.7;

The data falls below expectations, reinforcing investors' belief in a soft landing scenario. After yesterday's dovish Fed conference, today we observe a strong day for equity markets.

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