Friday 28th May 2021 |
Text too small? |
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.
No comments yet
29th June 2022 Morning Report
28th June 2022 Morning Report
27th June 2022 Morning Report
23rd June 2022 Morning Report
22nd June 2022 Morning Report
21st June 2022 Morning Report
20th June 2022 Morning Report
17th June 2022 Morning Report
16th June 2022 Morning Report
15th June 2022 Morning Report