28th May 2021 Morning Report

The new US Labour Department unemployment claims fell 38,000 to a seasonally adjusted 406,000 for the week ending May 22. This was better than expected, with companies finding it difficult to fill vacancies to meet surging demand for goods and services due to rapid economic recovery. Pent up savings is also expected to boost economic recovery further. 

U.S. stocks advanced marginally as the weekly jobless claims lifted US Treasury yields with the benchmark 10-year note reaching a high of 1.625% which damped the attractiveness of higher growth stocks. Financials and small caps did better.  

Morning Report 28 May 2021

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 24th Morning Report
July 23rd Morning Report
July 22nd Morning Report
July 21st Morning Report
July 18th Morning Report
July 17th Morning Report
July 16th Morning Report
July 15th Morning Report
July 11th Morning Report
July 10th Morning Report