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ForexForexLive

US Q3 productivity +3.6% vs +2.8% expected

Prior was +1.4% Unit labor costs -0.7% vs +0.6% expected Prior unit labor costs +1.2% On the face of it, these look strong disinflationary but these numbers are largely ignored by policymakers because they're notoriously volatile and hard to measure. The US Bureau of Labor Statistics publishes its Productivity and Costs report quarterly. A preliminary estimate comes out roughly five weeks after…

ForexForexLive

US initial jobless claims 189K vs 196K estimate

Prior week initial claims 194K Prior week continuing claims 1.701M Details Initial jobless claims (October 31) fell 6,000 to 189,000. Prior revised to 195,000 from 194,000. Initial claims four-week average fell 2,250 to 194,750. Prior revised to 197,000 from 196,750. Continuing claims (October 24) rose 23,000 to 1,718,000. Prior revised to 1,695,000 from 1,701,000. Continuing claims four-week…

CommodityOilPrice.com

European Gas Prices Drop on Iran Deal Hopes after U.S. Midterms

The benchmark European natural gas prices fell by 2% in the early morning in Amsterdam on Thursday, extending Wednesday’s decline, after the resounding Democratic victory in the U.S. midterm elections raised hopes of a resolution to the Iran war and a return of LNG flows through the Strait of Hormuz. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas…

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