Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
In the week ending November 9, 2024, initial jobless claims in the U.S. fell to 217,000, down from 221,000 the week before. This is the lowest number of claims since May and is much lower than the expected increase to 223,000.
Key Points
Initial Jobless Claims
Current: 217,00
Previous Week: 221,000
Expected: 223,000
Continuing Jobless Claims:
Total: 1.873 million, down by 19,000 from the previous week.
4-Week Moving Average: The average for initial claims dropped to 221,000 from 227,250 the week before.
Economic Implications:
The drop in jobless claims shows that the job market is strong, even with the Federal Reserve tightening monetary policy. It suggests there is still a strong demand for workers. This information can influence the Fed’s decisions on interest rates and is important for understanding the overall health of the economy and consumer spending. Investors and analysts pay close attention to these numbers as they reflect the employment situation and broader economic conditions in the U.S.
