- 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
Economic Calendar: US Inflation Key for Markets — Today’s Most Important Data Release of the Week
Morning Wrap: Trump Claims Full Control of the Strait of Hormuz, but Markets Remain Skeptical
Daily Summary - Oil gains due to uncertainty, market awaits inflation data
⬆️Oil back above $88