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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Overshadowed by surprisingly large, and dovish (clearly important at this stage of the cycle) GDP revisions for a third release, jobless claims came in better than expected.
- Initial jobless claims only increased 2k to a seasonally adjusted 205k (cons 215k) in the week to Dec 16 for a second week of surprising lower. Being a payrolls reference week, it left claims tentatively below the 211k in the November payrolls reference period.
- It also saw the four-week average ease 2k to 212k, its lowest since late October.
- Continuing claims also surprised lower with a seasonally adjusted 1865k (cons 1880k) in the week to Dec 9 after a downward revised 1866k (initial 1876k).
- Eyeballing the raw NSA data, both initial and continuing claims look more in keeping with typical seasonal patterns after recent noise around the Thanksgiving holiday.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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