London Business News | Londonlovesbusiness.com
1 month agoBusiness
US jobless claims steady market nerves - London Business News | Londonlovesbusiness.com
The US jobless claims figures have calmed the market nerves with a lower-than-expected increase, prompting a positive reaction in the stock market.
The market's reaction to the jobless claims figures highlights concerns over a potential economic slowdown, with the upcoming retail sales data seen as crucial for dispelling these worries.
Despite short-term uncertainties, the general path for stocks is expected to be upwards, fueled by strong earnings and economic growth despite potential Fed policy normalization. [ more ]