1:31 PM · 8 August 2024

BREAKING: US jobless claims lower than expected. US100 gains

US jobless claims came in: 223k vs 240k exp. and 249k previously

US continued jobless came in 1875k vs 1871k exp. and 1877k previously

In the morning, JPMorgan raised the probability of a US recession in 2024 to 35% from 25% estimated before. However, stronger claims reading signal potentially lower recession odds. Wall Street indices rebound after the US labour market data.

Źródło: xStation5

Source: BLS, Bloomberg Finance L.P, XTB Research

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Large decline in crude inventories 🛢️📉

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