Explore Special Offers & White Papers from ADMIS

New Jobless Claims Slightly Less Than Expected

Download PDF


U.S. stock index futures are firm as several Federal Reserve bank presidents have recently hinted at more stimulus.

Weekly jobless claims have fallen from their April highs. Jobless claims in the week ended July 4 were 1,314,000 when 1,375,000 were expected.

The 9:00 central time May wholesale trade report is anticipated to show a 1.2% decline.

Stock index futures continue to perform well for the news.

Also, the technical picture remains positive.


There was only temporary pressure on the euro currency on news that German exports rebounded less than predicted in May.

German exports rose 9.0% in May from April when economists had forecast a 13.5% increase in exports.

The Japanese yen is lower after the Bank of Japan downgraded its assessment of all of the country’s nine regional economies for the second consecutive quarter.

The BoJ said in its quarterly report that the economies in the nine regions “had deteriorated or had been in a severe situation.”

Pressure on the yen was limited by news that Japan’s May core machinery orders increased 1.7% on the month when a decline of 3.1% was estimated.


The yield on the 10-year U.S. Treasury notes ticked up to 0.655% from 0.652% Wednesday.

The Treasury will auction 30-year bonds today.

Raphael Bostic of the Federal Reserve will speak at 11:00.

According to financial futures markets there is a 95.6% probability that the Federal Open Market Committee will leave its fed funds rate unchanged at zero to 25 basis points at its July 29 policy meeting.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started