As it's been the case since April 2, the data won't matter much for the markets as they remain focused on trade negotiations progress. There's one economic report though that could move the markets, and that is the US Jobless Claims data.
The US Jobless Claims continue to be one of the most important releases to follow every week as it’s a timelier indicator on the state of the labour market.
So far though, Initial Claims remain inside the 200K-260K range created since 2022, while Continuing Claims hover around cycle highs. Today, the Initial Claims are expected at 222K vs. 215K prior, while Continuing Claims are seen at 1875K vs. 1885K prior. I can see the market reacting to the data only if we get a spike above 260K.
US Jobless Claims
Central bank speakers:
- 13:00 GMT/09:00 ET - ECB's Lane (neutral - voter)
- 21:00 GMT/16:00 ET - Fed's Kashkari (neutral - non voter)
