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Investors Keen On Jobless Claims, Wall Street Sees Red

wallstreet db2 092016 21jun18

The Jobless claims will be the major focus on Thursday. Consensus is for an increase from the prior week.

Asian shares finished mixed, while Europeans shares are trading in the red.

Early signs from the U.S. Futures point to a lower opening for Wall Street.

As of 7.45 am ET, the Dow futures were down 51.00 points, the S&P 500 futures were declining 1.50 points and the Nasdaq 100 futures were losing 0/25 points.

U.S. stocks closed broadly higher on Wednesday. The Dow edged down 42.41 points or 0.2 percent to 24,657.80, the Nasdaq climbed 55.93 points or 0.7 percent to 7,781.51 and the S&P 500 rose 4.73 points or 0.2 percent to 2,767.32.

On the economic front, the Labor Department's Jobless Claims for the week will be published at 220K, slightly up from 218K last week. In the prior week the new claims were down 4K.

The Philadelphia Fed Business Outlook Survey for June will be issued at 8.30 am ET. The consensus is for 28.0, notably lower than 34.4 in May.

Minneapolis Federal Reserve Bank President Neel Kashkari will speak at the African Development Center June 2018 Commerce and Community Conversation in Minneapolis, with audience Q&A at 9.00 am ET.

The Federal Housing Finance Agency's FHFA House Price Index for April will be released at 9.00 am ET. The consensus is for 0.5 percent versus 0.1 percent last month.

2-year FRN Note acution, 5-year and 7-year Treasury Note auction will be held at 11.00 am ET. 30-year TIPS auction will be held at 1.00 pm ET.

The Fed Balance Sheet for the week will be published at 4.30 pm ET. In the prior week the level was at $4.325 trillion.

The Fed Money Supply for the week is scheduled at 4.30 pm ET. The M2 Weekly Change was $13.8 billion.

In the corporate sector, Kroger reported first quarter reported net earnings attributable to the company of $2.0266 billion, compared to $303 million last year. On a per share basis, earnings were $2.39, up from $0.33 in the prior year.

Asian stocks finished on a mixed note Thursday. Chinese shares hit a two-year closing low. The benchmark Shanghai Composite index fell 39.92 points or 1.37 percent to 2,875.81, while Hong Kong's Hang Seng index tumbled 400 points or 1.35 percent to 29,296.05.
Japanese shares recorded modest gains. The Nikkei average climbed 137.61 points or 0.61 percent to 22,693.04, while the broader Topix index gave up earlier gains to end lower by 0.12 percent at 1,750.63.
Australian shares extended gains from the previous session to reach a fresh 10-year high. The benchmark S&P/ASX 200 index climbed 59.50 points or 0.96 percent to 6,232.10 while the broader All Ordinaries index gained 0.93 percent to end at 6,332.90.

European shares are trading lower. France's CAC 40 is declining 28.60 points or 0.92 percent. Germany's DAX is down 114.60 points or 0.90 percent. FTSE 100 of U.K. is declining 52.49 points or 0.69 percent. Swiss Market Index is losing 32.97 points or 0.39 percent.

Eurozone's leading Blue Chip index, Euro Stoxx 50, is falling 0.51 percent.

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