- Initial Jobless Claims: 231k (Forecast 240k, Previous 264k)
- Philadelphia Fed Manufacturing Index: 23,2 (Forecast 1,7, Previous -0,3)
Jobless Claims and the Philadelphia Fed index both came in stronger than expected, signaling resilience in the labor market and broad economy. This could reinforce the case for tighter monetary policy.
Dolar is appreciating and US bond Yields are falling across the board. This however puts minor pressure onto US futures.
Source: US Bureau of Labor Statistics
Cocoa loses 5% amid rising inventories on ICE
Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea
🔼 Gold gains 1.7%
🛢️Brent Crude Oil Tests $95 per Barrel