US Continuing Jobless Claims (Dec/27) 1914K vs. Exp. 1900K (Prev. 1.858K, Rev. 1866K)
The US continuing jobless claims came in slightly above expectations, indicating a potential strain in the labor market, although the revision of prior figures adds some context.
AskBio, a subsidiary of Bayer (BAYN GY), announces FDA acceptance of a IND application for AB-1009 gene therapy being developed for the treatment of late-onset Pompe disease
US Treasury Secretary Bessent urges more Fed rate cuts, according to CNBC citing a draft speech
US Continuing Jobless Claims (Dec/27) 1914K vs. Exp. 1900K (Prev. 1.858K, Rev. 1866K)
US Energy Secretary Wright says balance can be had with China in Venezuela, according to a Fox Business Interview; will not allow China to have huge control over Venezuela
US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE
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This could suggest a shift in the ongoing employment trend, which may have implications for monetary policy as it relates to economic strength and inflation. Market participants should monitor any reactions in USD as this data is digested, especially in the context of upcoming economic reports.
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