(As of 7:10 am PST)
Equities are higher in the early going fueled by an
optimistic jobs report. Jobless claims
fell faster than expected last week as claims fell from 303,000 to 289,000. It
was the second time in three weeks that claims have fallen below 300,000
indicating improvement in labor market conditions. Earnings continue to trickle in with today’s
reports mostly upbeat. Investors have
also been paying close attention to Europe Central Bank President Mario
Draghi’s press conference this morning.
The ECB left key interest rates unchanged as most analysts expected, but
indicated a lingering concern over the pace of growth throughout the Euro-zone.
European markets enter their final hour of trading slightly lower. Asian markets finished down for the day. Gold is lower after a sharp run up earlier in
the week, while oil prices are inching higher. As we’ve seen in the past few
days, expect these early session gains to deteriorate as the day wears on.
No comments:
Post a Comment