US Continuing Jobless Claims (Jan/31) 1862K vs. Exp. 1850K (Prev. 1841K, Rev. From 1844K)
The US continuing jobless claims came in slightly higher than expectations, indicating a modest increase in unemployment levels compared to prior weeks.
Citi (C) expects the Fed to deliver first rate cut of the year in April (prev. March), following jobs data
German Current Account (Dec) 16.1B (Prev. 14.2B, Rev. From 15.1B)
US Continuing Jobless Claims (Jan/31) 1862K vs. Exp. 1850K (Prev. 1841K, Rev. From 1844K)
White House Trade Adviser Navarro says US President Trump wants JPMorgan (JPM) CEO Dimon to reduce credit card rates
US PRE-MARKET MOVERS: Mag-7, MU/SNDK/STX/WDC, EQIX, MSI, MCD, CSCO, TYL, APP
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While the rise from previous numbers suggests some labor market softness, the figures remain relatively stable, implying limited immediate impact on monetary policy. Traders should monitor whether this trend persists, as it could influence the outlook for growth and inflation going forward.
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