HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Inventories Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims, Inventories Due in 5 Minutes

(Bloomberg) -- Initial jobless claims seen at 265k in wk ended Dec. 24 vs 275k prior wk (forecast range 250k to 275k); tallies number of people making first-time claims for unemployment benefits.
  • Recent data “reflect solid labor market conditions, however the possibility of an upward trend in furloughs has emerged given the intentions of some companies to idle production”: Bloomberg Intelligence
  • Wholesale inventories seen rising 0.2% in preliminary Nov. est. after falling 0.4% in Oct. (forecast range -0.2% to +0.4%); wholesale inventories account for ~30% of total business inventories
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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