US jobless claims came in: 223k vs 240k exp. and 249k previously
- US continued jobless came in 1875k vs 1871k exp. and 1877k previously
In the morning, JPMorgan raised the probability of a US recession in 2024 to 35% from 25% estimated before. However, stronger claims reading signal potentially lower recession odds. Wall Street indices rebound after the US labour market data.
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Source: BLS, Bloomberg Finance L.P, XTB Research
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