Last week was relatively quiet. We focused mostly on Japan. Join us in recapping last week to keep you in the loop!
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Thursday's jobless claims fell to 207,000. This was below market estimates, which had expected an increase to 214 thousand. At the moment, claims are at their lowest level in two months. This indicates a solid labor market and increases the room for the Fed to delay cutting interest rates.
What's in store for us this week?
Monday: German inflation rate (EUR)
Tuesday: unemployment rate and retail sales in Japan (JPY), Australian retail sales (AUD), inflation rate in France (EUR), German labour market (EUR), preliminary inflation rate and hdp in the Eurozone (EUR), Canadian hdp
This week we have a bit more to come. Most of our attention will be on the Fed meeting, which is expected to leave rates unchanged. So the focus will be on the press conference. The end of the week will bring data from the US labour market (NFP, unemployment rate).
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