Unemployment claims fell 42,000 this week from an upwardly revised 388,000 figure from last week. The Labor Department released the claim numbers at around 8:30am EST Thursday. We are seeing some U.S. Dollar weakness in the market today so far.
U.S. News-full Friday
Investors and economists will be looking forward to hearing Friday’s many news events!
U.S. Retail Sales: Retail sales in the U.S. have been decent recently, rising 1.1% after a .4% climb in the month before. Tomorrow’s report will be watch closely.
U.S. PPI: The PPI (Producer Price Index) rose 0.7% in February from January. Tomorrow’s report is expected to be released at -.2%.
UoM Consumer Sentiment: The University of Michigan will release their Consumer Sentiment Friday. Consumer sentiment is expected to rise .5 points.
Federal Reserve Chairman Ben Bernanke will be speaking tomorrow. If there is a Q and A session tomorrow after the meeting, he could shed some light on his thoughts concerning the U.S. economic state.
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