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US stocks rise higher after unemployment claims report

2019-03-14 12:46 pm | Resource: News | No Views : 26



US stocks rebounded from declines and posted slight gains in pre-market trading on Thursday. US President Donald Trump said earlier he was looking forward to a trade deal with the UK and praised its potential as "unlimited". However, Thursday's figures, which showed initial jobless claims in the United States rose by 6,000 to 229,000 in February, led to a somewhat reduced mood.

Initial jobless claims in the United States are rising by 6,000 to 229,000

US jobless claims for the week ending March 9 rose 6,000 from the previous week's revised figure to 229,000, the Labor Department said on Thursday.

At the same time, the four-week moving average was 223,750, a drop of 2500 versus the previous week's low of 226,250, the statement said.

The seasonally adjusted unemployment rate for the week ended March 2 was 1.2%, unchanged from the previous week. The unemployment rate insured seasonally during the same week was 1,776,000, an increase of 18,000 from the revised figure the previous week. The four-week moving average was 1766250, or 1000 lower than the revised average of the previous week of 1767250.

Report: Trump meeting postponed until at least 11 April

The meeting between US President Donald Trump and his Chinese counterpart, Xi Jinping, was delayed until at least the end of April, according to well-informed sources.

The summit of Mar Lago, in which the two leaders will sign an agreement to end the trade war, will take place at the end of next month if it ever happens, the Bloomberg report said on Thursday. In addition, Beijing is paid for an official state visit.

On Wednesday, Trump said the trade talks were going well, reiterating that "China is strongly interested in reaching an agreement." However, the president warned that the deal could still "collapse".

US Futures Contracts
 
  • The Dow Jones Industrial Average reversed its earlier loss of 0.09%
  • While the Nasdaq 100 rose 0.21% at 15:36 CET.
  • The Standard & Poor's 500 jumped 0.12% at the same time.


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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 18 March 2019

Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The purchasing power managed to control the movement of the NASDAQ 100 index to bounce the NASDAQ 100 index to reach the level of 7290 where it faces some selling pressure around this level. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival…

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