The number of Americans filling for unemployment benefits was 0.248million in the week ended February 12, compared to 0.225 million reported in the previous week. Today’s reading came in above market expectations of 0.219 million.
Continuing claims reading, which lags initial jobless claims data by one week, dropped to 1.593 million from 1,621 million, while analysts expected a decrease to 1.605 million.
The Philadelphia Fed Manufacturing Index decreased to 16 in February from 23.2 in January and below market expectations of 20.
Housing starts for January came in at 1.638m, compared to market estimates of 1.7m. Building permits at 1.899m much higher than expected 1.76m
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1365 level. Source: xStation5
Economic Calendar: Nvidia at the Center of a Spying Scandal; Oil Prices Fall After Trump's Remarks📆
Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal 💡
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge