After starting to fall, Nasdaq and S&P 500 reversed their losses and
returned to near their historic highs.
- European indices closed lower, although they remain close to their highs
- The US Philadelphia Fed Manufacturing Index rose to 39 in November 2021
of 23.8 in October, beating forecasts of 24.
- DXY Index dropped to around 95.5 after hitting 16-month high at 96241.
United States Initial Jobless Claims
The number of Americans who filed new claims for unemployment insurance fell
from 1000 to 268,000 in the week ended November 13, a new low for the
pandemic period, but less than market expectations of 260,000 as
employers avoid layoffs and many workers quit. The requests
Initials are now approaching the 200,000 to 250,000 range, considered
consistent with healthy labor market conditions, but still
remain above the 2019 weekly average of 218,000. On an unadjusted basis
seasonally, orders fell the most in Kentucky (-8.7k), Tennessee (-4.1k), Ohio
(-3.5 thousand) and Michigan (-3.3 thousand), while they increased more in California (6.4 thousand),
Pennsylvania (1.9 thousand) and Minnesota (1.7 thousand).