The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 256,000 to 265,000 (consensus 260,000), and the Department of Labor reported 254,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 258,250 (reported last week as 258,500) to 256,000. The rolling averages generally have been equal to or under 300,000 since August 2014.
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-- this post authored by Scott Stewart
Two teenage girls were arrested in Nice, France, on Sept. 25 for conspiring to conduct terrorist attacks on behalf of the Islamic State. During the interrogation, the young women admitted to authorities that they had been in contact with Rashid Kassim, a 29-year-old French jihadist affiliated with the Islamic State who has been active on Telegram, an instant messaging service.
Infographic Of The Day: Dubai Interesting Statistics And Facts
Did you know international visitors account for 62% of total arrival in Dubai and city of Dubai has the highest 4.8 visitors per resident in world followed by Amsterdam with only 2.6 visitors per resident.
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Written by Sig Silber
At this point we have a storm that appears to be headed towards Baja California today (Monday) and back towards Salt Lake City on Thursday. It made me think of the Camino Real or Royal Road of which there were at least a half dozen in Mexico. At any this very meridional trough for so early in the Fall may well dominate CONUS weather this week. Elsewhere, Typhoon Megi may pass North of the Philippines on the way to Taiwan and then possibly Hong Kong. Next week we may have an interesting situation in the Gulf of Mexico. Lots to talk about. .
29Sep2016 Pre-Market Commentary: US Markets Expected To Open Lower, GDP Higher, Unemployment Lower, US Dollar Higher, Crude Prices Steady And Higher
from Money Metals Exchange
-- this post authored by Clint Siegner
Some say the U.S. dollar may die 5 days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF will make the change on October 1. While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world's primary reserve currency may be profound over time and the importance of this even should not be overlooked, the impact is unlikely to happen overnight.
Written by Gary
US stock future indexes are down this morning (DOW - 0.2%), but should turn higher, WTI crude prices remain in the low 47 handle, gold is volatile and showing signs of weakening by slipping below 1320. The US dollar shot up after morning reports unemployment benefits rose less than expected and U.S. economic growth was less sluggish than previously thought. Indicators neutral to bullish.
28Sep2016 Market Close: Wall Street Closes Higher After A Sluggish Start In The Morning, Crude Price
Written by Doug Short and Steven Hansen
The third estimate of second quarter 2016 Real Gross Domestic Product (GDP) was revised upward to 1.4 %. This improvement was mainly due to upward revision to the inventory adjustment (see table below).