US: Initial jobless claims and import prices data in focus – Nomura
Research Team at Nomura suggests that in today’s US session initial jobless claims and import price data releases will be in focus for investors.
Key Quotes
“Initial jobless claims have been on a downtrend for a while, falling to 235k in the final week of December. This trend suggests that involuntary layoffs have been subdued. We expect jobless claims to remain steady in the near term as the labor market continues to tighten.”
“Import prices: Import prices were down 0.3% m-o-m in November, largely driven by a sharp drop in petroleum import prices. In December, consensus is expecting a strong rebound of 0.7% m-o-m in import prices, likely owing to higher energy prices. Note that incoming import prices may affect our inflation forecast for December.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
