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Jobless Claims Expected to Hold Near Pandemic Low

Provided by Dow Jones By Gwynn Guilford Weekly unemployment claims are close to their lowest level since the Covid-19 pandemic hit more than a year ago, adding to evidence that layoffs are easing as an economic revival gathers force. Economists surveyed by The Wall Street Journal expect worker filings for initial jobless claims, a proxy for layoffs, to have fallen to 694,000 last week, from 719,000 the preceding week. That would bring the four-week average which smooths out volatility in the weekly figure to its lowest point since the pandemic began, though still well above pre-pandemic levels. Weekly claims averaged around 220,000 in the year before Covid-19 s arrival.

Gold Futures Closed Fractionally Higher on Dollar Weakness and Selling Pressure

forecasts Gold Futures Closed Fractionally Higher on Dollar Weakness and Selling PressureGold futures basis the most active April 2021 Comex contract is currently fixed at $1729.20 after factoring in today’s marginal gains of $0.80 (+0.05%). 11 hours ago (Apr 05, 2021 11:49 PM GMT) Dollar weakness was responsible for all of today’s gains as market participants bid the precious yellow metal lower by actively selling today. After the three-day holiday weekend, U.S. equities had respectable gains with the Dow Jones Industrial Average gaining just over 393 points, which is a net gain of 1.13% and closed at its highest recorded price level of 33,527.19. The S&P 500 also closed at a new record high after factoring in today’s 58-point gain (+1.44%)., Currently, the index is at 4077.91. Although the NASDAQ composite did not close at a new all-time high it had the largest percentage gains of the three major indices. After factoring in today’s 225-point gain (+1.67), the heavy tech

WTI Bounce Off 2-Week Low ahead of Outlook in Volatile Trade

Extending the recent stretch of volatility into a fourth session Tuesday, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange reversed higher in overnight trade as investors assessed accelerated economic growth in the United States and China against prospects for a muted demand recovery in Eurozone and parts of Southeast Asia, where double-mutant variant of coronavirus triggered an avalanche of new infections and regional lockdowns.

Construction, Service-Sector Economic Report at All-time High

Construction, Service-Sector Economic Report at All-time High
forconstructionpros.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forconstructionpros.com Daily Mail and Mail on Sunday newspapers.

S&P 4K, Dakota Pipeline, Fed s Powell and AMD-Xilinx top week ahead

S&P 4K, Dakota Pipeline, Fed s Powell and AMD-Xilinx top week ahead
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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