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- Aug 22, 2007
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Wow, does an October US downturn look even more probable after this last 2 weeks of bad news? YES! Alongside this, the Canadian market is softening.
Corbett B. Daly, Reuters · Thursday, Aug. 12, 2010
WASHINGTON — The number of U.S. workers filing new claims for unemployment insurance unexpectedly rose last week to its highest level in close to six months, a fresh signal of a weak jobs market.
The number of new claims for jobless benefits rose 2,000 to 484,000 in the week ended August 7, the second straight increase, the Labor Department said on Thursday. Economists had expected claims to edge down to 469,000.
"This is not a good number," said John Brady, an analyst at MF Global in Chicago. "Claims are going the wrong way. That has the market concerned."
U.S. stocks opened lower on both the data and a disappointing revenue forecast from tech bellwether Cisco Systems Inc, while U.S. Treasury debt prices pared losses and the dollar trimmed gains against the yen.
CLICK HERE for the full article.
Corbett B. Daly, Reuters · Thursday, Aug. 12, 2010
WASHINGTON — The number of U.S. workers filing new claims for unemployment insurance unexpectedly rose last week to its highest level in close to six months, a fresh signal of a weak jobs market.
The number of new claims for jobless benefits rose 2,000 to 484,000 in the week ended August 7, the second straight increase, the Labor Department said on Thursday. Economists had expected claims to edge down to 469,000.
"This is not a good number," said John Brady, an analyst at MF Global in Chicago. "Claims are going the wrong way. That has the market concerned."
U.S. stocks opened lower on both the data and a disappointing revenue forecast from tech bellwether Cisco Systems Inc, while U.S. Treasury debt prices pared losses and the dollar trimmed gains against the yen.
CLICK HERE for the full article.