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Unemployment Claims fall to post-pandemic levels

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Miguel A. Rodriguez
Miguel A. Rodriguez
24 March 2021
Elsewhere in Europe, the ECB remains predominantly steady in its policy approach

The number of jobless claims rose less than expected last week. The US Department of Labor revealed that 712K people filed for unemployment insurance, below the market’s estimated 730K.

The latest report comes amid predominantly positive signs for recovery for the US economy, given that the Senate approved the stimulus package, and more and more Americans are receiving their COVID-19 vaccine.

The US indices reacted positively to the news, with USA30 gaining 0.30% and USA500 adding 0.63%.

On the other side of the Atlantic, Christine Lagarde announced that the bond purchase program would be increased “significantly” next quarter. At the same time, the Pandemic Emergency Purchase Program will remain unchanged at $2.21 trillion.

At the moment of writing, Germany30 and France40 are trading 0.12% and 0.26%, respectively, higher.

Sources: forexfactory.com cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.