MARKET DAILY

Market 11/16: Labor data supports the possibility of Fed rate cuts

Signs of economic weakening through reports on labor and manufacturing activity. US and China begin normalizing relations

Initial jobless claims for the past week rose to +231,000, the highest since August (higher than expected: +220,000 and September figure: +218,000).

Notably, continuing claims rose to 1.86 million - the highest since November 2021.

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