JOBLESS CLAIMS DATA
US weekly jobless claims rise marginally
Weekly unemployment claims in the U.S. rose to 219,000, signaling easing labor market conditions. The Federal Reserve paused interest rate cuts amid ongoing economic expansion. Job growth is projected to slow, with nonfarm payrolls expected to increase by 170,000 in January. The anticipated unemployment rate remains steady at 4.1%.
US weekly jobless claims decline more than expected
New unemployment claims in the U.S. fell more than expected, pointing to low layoffs despite a scarcity of job openings. Claims dropped to 207,000 for the week ending Jan. 25, indicating a still-plodding labor market. Meanwhile, consumer optimism about job prospects declined, and continuing claims fell by 42,000, suggesting diminishing job opportunities.
US weekly jobless claims increase marginally
Americans filing for unemployment benefits rose slightly last week, hinting at steady job growth in January, with claims increasing by 6,000 to 223,000. Despite weather challenges, the labor market remains robust, adding 256,000 jobs in December. The Federal Reserve has adjusted its interest rate cut projections, influenced by strong job data and potential impacts from immigration policies.
Gold headed for weekly gains on revived hopes of Fed rate cuts
Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on Thursday. Bullion has gained about 1% so far this week.
US weekly jobless claims increase; labor market conditions still healthy
New applications for unemployment benefits in the U.S. rose by 14,000 to 217,000, indicating a still healthy job market. December saw an increase of 256,000 jobs, with the unemployment rate dropping to 4.1%. Despite labor market resilience and ongoing inflation, no rate cut is expected at the Federal Reserve's January policy meeting.
Wall Street little changed as investors assess inflation path
U.S. stocks saw minor changes as investors evaluated mixed jobs data and speculations about President-elect Trump considering a national economic emergency declaration. The Dow Jones Industrial Average rose slightly, while the Nasdaq Composite experienced a small decline. The Federal Reserve's minutes indicated concerns about inflation. Volume on U.S. exchanges was 15.86 billion shares.
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Wall Street ends lower on first trading session of 2025; Tesla weighs
Wall Street closed lower on Thursday amidst volatility, driven by strong labor market data, a rising dollar, and a significant drop in Tesla shares. The S&P 500 and Nasdaq experienced their longest losing streaks since mid-April. Tesla's shares fell 6.1% due to decreased deliveries. Energy shares rose, buoyed by higher crude prices.
Dow ends up to extend win run to five; rising yields pressure megacap stocks
The Dow Jones Industrial Average closed slightly higher on Thursday, marking its fifth consecutive winning session. Meanwhile, the Nasdaq Composite and S&P 500 fell marginally. Rising U.S. Treasury yields weighed on technology stocks. Additionally, a strong auction of seven-year notes led to a slight decrease in yields by late afternoon. Apple saw a 0.3% increase.
Massive layoffs in USA? Here's what data reveals
Number of Americans applying for unemployment benefits has raised a few pertinent questions.
Rupee weakens to record low as dollar extends gains on strong US data
The Indian rupee hit a record low against a strengthening US dollar, crossing 85.0975 in early Friday trading. Robust US economic data and the Federal Reserve's hawkish stance fueled dollar demand. The dollar index neared a two-year high, impacting the rupee. Traders anticipate further rupee decline, moderated by RBI interventions.
US weekly jobless claims fall more than expected
New jobless claims unexpectedly dropped to 220,000 last week, signaling a cooling labor market. The Fed, citing economic resilience, recently lowered interest rates and reduced projected future cuts. While the labor market remains strong, factors like Trump's policies and longer unemployment spells add uncertainty.
Asian stocks drop ahead of next week’s Fed meeting
Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data.
US weekly jobless claims unexpectedly rise
New jobless claims unexpectedly rose to 242,000 last week, while continuing claims increased to 1.886 million, signaling a cooling labor market. Despite November's job growth acceleration, the unemployment rate ticked up to 4.2%. This may influence the Federal Reserve to cut interest rates again next week, despite persistent inflation. Longer unemployment spells are also becoming more common.
US weekly jobless claims decline further
New U.S. jobless claims fell last week, but persistent long-term unemployment could prompt another Federal Reserve interest rate cut in December. The Fed is weighing further cuts amid slowing disinflation, with the November jobs report crucial for their decision.
Dollar hugs 13-month peak as market awaits next Fed cue
The U.S. dollar hovered near a 13-month high as investors weighed the Federal Reserve's interest rate trajectory. The euro faltered due to European uncertainty, while bitcoin approached the $100,000 threshold. Meanwhile, Japan's yen strengthened as core inflation stayed above the Bank of Japan's target, signaling potential interest rate increases.
Wall Street closes higher as Dow, S&P hit one-week tops
Wall Street's main indexes ended higher after fluctuating trading. The Dow and S&P 500 reached one-week highs. Salesforce's stock rose after price target increases from brokerages. Nvidia's shares saw a modest increase following strong earnings. Alphabet's stock declined after the Justice Department's antitrust lawsuit. Jobless claims fell unexpectedly last week.
US stocks mixed after jobless claims data, Nvidia results; Alphabet weighs
Wall Street experienced mixed trading as Alphabet's stock fell due to antitrust concerns, while Nvidia's strong earnings report boosted investor confidence. Despite Nvidia's positive performance, concerns about slowing growth tempered enthusiasm. Meanwhile, jobless claims fell, suggesting potential job growth, while geopolitical tensions and inflation concerns continued to weigh on market sentiment.
Gold extends gains on Russia-Ukraine jitters
Gold prices edged up for a fourth day, driven by safe-haven demand amid escalating Russia-Ukraine conflict and uncertainty surrounding U.S. interest rates. While Ukraine deployed Western missiles against Russia, investors awaited U.S. jobless claims data and Fed officials' remarks for clues on future rate decisions.
US weekly jobless claims fall; unemployment rolls shrink
New unemployment applications decreased last week in the United States. This indicates the labor market remained strong. The decline suggests that the slowdown in job growth observed in October was temporary. Layoffs remained low, supporting the economy. Economists believe job growth will pick up again. The Federal Reserve is expected to cut interest rates again next month.
US stocks close higher after Fed cuts interest rates
US stock market closed higher after the Federal Reserve cut interest rates. The rate cut followed Donald Trump's return as US president. Market reacted positively to Trump's policies. The Dow Jones Industrial Average remained flat. The S&P 500 and Nasdaq Composite gained. Communication services sector led the gains. Financials sector declined.
US weekly jobless claims increase moderately
New unemployment claims saw a slight increase last week, reaching a seasonally adjusted 221,000, indicating minimal change in the labor market. This follows October's near-stagnant job growth, largely attributed to hurricanes and strikes. With these disruptions subsiding, job growth is anticipated to pick up in November, potentially influencing the Federal Reserve's interest rate decisions.
Dollar edges higher against major currencies as traders weigh US data
The U.S. dollar remains steady against major currencies due to economic data supporting potential Federal Reserve rate cuts. Producer prices were unchanged, and consumer prices rose slightly. Traders are also focused on upcoming data impacted by recent hurricanes. Major currencies like the euro, pound, Japanese yen, and Chinese yuan saw minor fluctuations in response.
US jobless claims jump to 258,000, the most in more than a year. Analysts point to Hurricane Helene
Unemployment benefit claims in the U.S. surged last week, driven by Hurricane Helene, with analysts noting large increases in affected states like Florida and North Carolina. This brings the total number of claimants to 1.86 million. Despite some weakening indicators, the Fed cut interest rates to support the job market.
Gold holds steady as traders wait for US payroll data
Gold prices remain flat but slightly lower for the week as market attention turns to a crucial U.S. payrolls report. Expectations for a Federal Reserve interest rate cut have grown, with recent data suggesting a possible reduction. Meanwhile, geopolitical tensions in Lebanon continue to escalate.
Gold holds steady amid Middle East turmoil, eyeing US economic data
Gold prices remained steady as traders watched the Middle East conflict and awaited U.S. economic data. The recent interest rate cut by the U.S. central bank is notable. Investors are also looking forward to upcoming ISM services data, initial jobless claims, and U.S. nonfarm payroll data. Meanwhile, Perth Mint's gold sales surged in September.
Wall St closes higher on strong US economic data
The S&P 500 reached a record high, with the Dow and Nasdaq also rising. Micron Technology shares surged due to strong demand for memory chips. Positive U.S. economic data eased concerns about aggressive rate cuts by the Federal Reserve. Chinese stimulus plans boosted metal prices, while energy stocks fell.
S&P 500, Dow close lower as investors await insights on Fed rates, data
The Dow Jones and S&P 500 closed lower on Wednesday, retreating from record highs influenced by China's stimulus package. Investors are now awaiting economic indicators and potential interest rate cuts. The Dow fell 293.47 points, while the S&P 500 lost 10.67 points. Nine out of eleven S&P sectors declined, with energy stocks leading the fall.
Gold holds near record high as Fed minutes fuel rate-cut bets
Gold prices hovered near record highs as minutes from the U.S. Federal Reserve's latest meeting indicated a potential September interest rate cut. The market has fully priced in the chances of easing, with traders focusing on Fed Chair Jerome Powell's upcoming speech for more details on the rate outlook and economic forecasts.
Gold inches up on improving Fed rate cut bets, Mideast tensions
Gold prices saw a slight increase on Thursday, supported by the anticipation of a U.S. interest rate cut and persistent Middle East tensions. Spot gold rose 0.3% to $2,387.37 per ounce. Investors are awaiting jobless claims data and Federal Reserve statements for further direction on monetary policy decisions.
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