US initial jobless claims dropped -1k to 205k in the week ending January 7, below expectation of 210k. Four-week moving average of initial claims dropped -2k to 213k. Continuing claims dropped -63k to 1634k in the week ending December 31. Four-week moving average of initial claims dropped -9k to 1680k. Full release here.
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Three major central bank decisions are due, with Swiss National Bank, Bank of England, and European Central Bank all widely expected to leave policy unchanged. Markets are therefore less focused on the decisions themselves and Read more…
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Bank of Japan left its policy rate unchanged at around 0.75% as widely expected, and maintained a clear tightening bias, signaling that further rate hikes remain on the table. The decision was passed by an Read more…