Friday 19th November 2021 |
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The latest data for jobless claims showed a gradual decline towards pre-pandemic levels, as many employers avoid lay-offs, and many works continue to quit their jobs in a tight labour market. The Philadelphia Federal Reserve's index of manufacturing activity for eastern Pennsylvania, southern New Jersey, and Delaware was at 39. Any reading above zero means that more manufacturers say business conditions are improving rather than worsening. The Conference Board’s Leading Economic index increased 0.9% in October, beating expectations. U.S. stocks oscillated between gains and losses, while the three leading indices were mixed on Thursday with the NASDAQ and the S&P500 up 0.19% and 0.24 % respectively and the Dow Industrial Average down 0.18%.
All other key markets were down as follows FTSE100 -0.48%, CAC40 -0.21%, DAX30 -0.18%, Nikkei 225 -0.30%, Hang Seng -1.29% and the Shanghai Composite -0.47%.
The US 10-year note yield was down at 1.589%, while the 2-year treasury bill was at0.52%.
The benchmark U.S. crude rose 0.78% cents to the $78.97 per barrel. The gold price was0.53% down at US$1860.20 per ounce.
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