US Initial Jobless Claims Increase to Highest Level Since August
Initial applications for US unemployment benefits rose last week to the highest level since August, consistent with signs of gradual cooling in the labor market.
Initial applications for US unemployment benefits rose last week to the highest level since August, consistent with signs of gradual cooling in the labor market.
More than 20 million people could be affected.
Treasuries climbed after the latest jobless claims added to evidence the labor market is cooling, paving the way for the Federal Reserve to cut rates this year.
The Bank of England sent its clearest signal yet that it was closing in on interest rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.
High-end supermarket chain Spinneys rose in its Dubai trading debut after a rare private sector initial public offering in the United Arab Emirates. Still, it fell short of the pops investors have become accustomed to in the region.
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