TeleTrade - Analytics

    TeleTrade

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    24.03.2016 13:41 WSE: After start on Wall Street

    This afternoon we met readings from the US economy.

    Data from the US should not be a special surprise, as the labor market still shows up on the good side and the industrial sector on worse. Thus, the number of weekly applications for unemployment benefits falls very low (Initial Jobless Claims, March 265k - forecast 268k)

    Weaker than expected fall orders for goods without means of transport (Durable Goods Orders ex Transportation, February -1.0% - forecast -0.2%), which means that the publication could be judge rather negatively. Strong labor market means that interest rates may be raised, and the low orders creates pressure on corporate earnings and GDP growth.

    As a result of

    weaker than expected data on orders futures contracts on the US indices fell to session lows.


    U.S. Stocks open: Dow -0.53%, Nasdaq -0.67%, S&P -0.63%


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