Jobless Claims Data May Lead To Initial Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 08 August 2024 10:32:15 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. The advance by the futures came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week's revised level of to 250,000. Economists had expected jobless claims to edge down to 240,000 from the 249,000 originally reported for the previous week. The bigger than expected decline came a week after jobless claims reached their highest level since hitting 258,000 in the week ended August 5, 2023. The data may help ease concerns about the strength of the labor market, which have contributed to recent selling on Wall Street. Amo... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- Europe European stocks traded lower on Thursday after two days of gains. Investors awaited more U.S. economic data and comments from Federal Reserve officials for additional clues on whether the Fed is behind the curve on inflation and interest rates. Closer to home, the European Central Bank can continue lowering interest rates if there is increased confidence among policymakers that inflation is slowing, ECB Governing Council member and Bank of Finland governor Olli Rehn said Wednesday. More rate cuts cannot hurt the fragile economic growth and the subdued investment, especially in industry, Rehn said in a speech in the Finnish city Mikkeli. While t... [Read More]( --------------------------------------------------------------- Asia Asian stocks ended mostly lower on Thursday after another tumble on Wall Street overnight. The yen recovered losses against the dollar and gold climbed toward $2,400 per ounce, while oil prices slipped after rising more than 2 percent in the U.S. trading session on data showing a bigger-than-expected draw in U.S. crude stockpiles. China's Shanghai Composite Index finished marginally higher at 2,869.90 after a volatile session. Hong Kong's Hang Seng Index also fluctuated b... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.10 to $75.33 a barrel after surging $2.03 to $75.23 a barrel on Wednesday. Meanwhile, a... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49