020 7898 0500Firstly, we would like to offer our deepest sympathies with all those affected by the tragic high school shooting in Parkland, Florida.
Initial jobless claims came in as expected yesterday at 230,000. This was an increase of 7,000 from the week before, but is nothing to get too concerned with. Certainly a movement to track in the coming weeks. Industrial production came in below forecast by declining 0.1% when a 0.2% increase had been predicted by analysts. Manufacturing production also slipped a little at 1.8% growth from 2.1% the month before.
The dollar didn’t have a great day, but its losses against the euro and sterling were pretty marginal and so no real cause for alarm. Indeed, yesterday was a period of relative calm in the context of 2018 so far.
Today we will see the building permits the University of Michigan’s consumer sentiment for February.
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