Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
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 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
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.
