Unemployment Claims fall to post-pandemic levels

By: Miguel A. Rodriguez

17:58, 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

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