Markets turn, just on weekly jobless numbers?
Friday 9th August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere was a sharp turnaround in US equities, with the S&P closing up 2.3%. It seems a lot of weight has been put behind the weekly jobless claims number, which is not normally a data point that would drive markets. But in this climate anything is possible. JBWere’s Sally Auld says it was probably an overreaction. Whilst some might see the week’s fall in claims as supporting an argument that the US is a long way from recession, others will point to the trend which shows claims are…
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