The U.S. stock market is closed on Good Friday and some European countries are shut on Monday as well.
The closely watched U.S. non-farm payrolls report on Friday, when many markets around the world are closed, will follow disappointing manufacturing and services sector data from the Institute for Supply Management (ISM) and private employment figures on Wednesday.
In afternoon trading, the U.S. dollar index, which hit a two-month low this week, thanks in part to a drop in Treasury yields, was down 0.1% at 101.81.
Thursday’s U.S. initial jobless claims report added fuel to the slowing-economy mantra. The data incorporated revisions to previous numbers after the government updated the model it uses to adjust the series for seasonal fluctuations.
Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 228,000 for the week ended April 1. But data for the prior week was revised to show 48,000 more applications received than…
Read More
