MARKET DAILY

Market 09/07: Unemployment claims raise concerns about interest rate policy

US crude oil inventories continue to decline sharply. Apple shares plunge as China expands iPhone ban.

According to Labor Department data, initial unemployment claims fell 13,000 to 216,000 for the week ended September 2. This figure was below forecasts of all economists in Bloomberg's survey.

Continuing claims also fell to 1.68 million for the week ended August 26. This is the lowest level since July.

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