U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
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.
