A series of strong economic reports ( Q2 GDP , jobless claims , home sales ) is failing to halt the decline in the 10-year Treasury yield, which slips another four basis points to 2.32
GDP was revised up to 4.2% from 4.0%, with real final sales growing at a faster than expected 2.8%; initial jobless claims remained below 300K last week. A few more retailers have released quarterly results, with Abercrombie & Fitch, Guess
WASHINGTON, (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals.
Initial Jobless Claims : -1K to 298 K vs. 300K consensus, 299K prior (revised from 298K). Continuing Claims +25K to 2.53M vs. 2.51M consensus. Post your comment!
8:30 Initial Jobless Claims 8:30 GDP Q2 8:30 Corporate Profits 10:00 Pending Home Sales 10:30 EIA Natural Gas Inventory 11:00 Kansas City Fed Mfg
activity index on Monday; durable goods orders, consumer confidence, S&P/Case-Shiller index on Tuesday; weekly jobless claims , preliminary Q2 GDP growth +3.8% [vs. initial +4% ] on Thursday; personal income/consumption, Chicago PMI
Outlook, But Europe Worrying (click to enlarge) 1. Markit Manufacturing PMI Points to Stronger US Recovery 2. US Initial Jobless Claims Back to Cycle Lows (click to enlarge) 3. Why the Fed Can Stay on Hold Longer: High 12.2% Under-Employment Rate
economic reports and in anticipation of dovish remarks from Janet Yellen when she speaks tomorrow at Jackson Hole. U.S. jobless claims fell to a better than expected 298K last week, existing home sales rose 2.4% in July, and the Philly Fed index rose
WASHINGTON (Reuters) - U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.
higher open, with the S&P 500 positioned to open at or near its all-time high, after a better than expected reading on jobless claims ; Dow +0.2% , S&P and Nasdaq +0.1% . Major European indexes trade higher across the board, while Asia ended mixed