U.S. Treasury yields, including the 10-year note, advanced significantly as Brent crude surpassed $100/barrel due to Middle East tensions, fueling inflation fears. This, coupled with weekly jobless claims falling below 200,000, increased expectations for a Federal Reserve interest rate hike.
U.S. Treasury yields advanced on Thursday, with the 10-year note reaching 4.707%, driven by Brent crude oil climbing above $100 a barrel due to Middle East tensions and weekly jobless claims falling below 200,000, signaling inflation fears and a potentially heating economy.
US initial jobless claims fell to 226,000 for the week ending June 13, indicating a strong labor market. This resilience pushes back expectations for Federal Reserve rate cuts, causing Bitcoin to slide below $64,000 as it's sensitive to liquidity and interest rate expectations.
미국 노동부는 5월 31일~6월 6일 신규 실업수당 청구 건수가 22만9천건으로 전주 대비 4천건 증가했다고 발표했다. 이는 4개월 만에 최고치이며 전문가 전망치를 웃돌았다. 다만, 여름철 진입에 따른 일시적 변동성으로 해석된다.
US unemployment benefit applications reached a four-month high of 225,000 last week, signaling economic uncertainty exacerbated by the Iran conflict and rising inflation, despite historically low overall layoffs.
Saudi Arabia's Tadawul index closed down 0.11% at 10990 points. OPEC forecasts strong oil demand growth of 1.2 million bpd this year, despite Middle East conflicts. US jobless claims rose unexpectedly but the labor market remains resilient.
European stock markets showed mixed performance following US jobless claims data and Wall Street's opening. Paris led gains, while Milan fluctuated. Oil prices dropped, and the euro strengthened against the dollar.
US jobless claims unexpectedly rose last week, but overall indicators suggest a resilient labor market. Tech layoffs continue, influenced by AI, while geopolitical tensions in the Middle East and supply chain disruptions add economic uncertainty. Europe's reliance on Russian energy is highlighted amidst sanctions.
OPEC anticipates robust oil demand growth of 1.2 million bpd this year, unaffected by Middle East conflicts. Meanwhile, US jobless claims exceeded expectations, though the labor market remains resilient. Russia seeks to leverage the energy crisis to regain its role as a key European supplier.
US jobless claims dropped to 209,000 for the week ending May 16, fewer than expected. Despite low layoffs, the labor market is in a "low-hire, low-fire" state. The Iran war and Strait of Hormuz closure add economic uncertainty and have driven up oil and gas prices.
US jobless claims fell below 200,000 last week despite ongoing economic challenges including the war in Iran and elevated oil prices. Consumer prices posted a substantial monthly increase, while the Federal Reserve maintained its benchmark interest rate amid economic uncertainty. Employers added jobs in March, though the labor market shows signs of strain.
