HERE COMES INITIAL JOBLESS CLAIMS...

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At 8:30, the Department of labour will release its latest report on weekly initial jobless claims.

Economists are expecting 335,000, up from 324,000 a week ago.

“Today’s jobless claims report is the most important release in what is a quiet week for U.S. data,” says High Frequency Economics’ Jim O’Sullivan. “While weekly readings can be erratic, the claims series remains a key momentum indicator for the labour market.”

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