U.S. ECO PREVIEW: Trade and Jobless Claims Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- Trade Balance -42.7b; range -44.5b to -41.4b (55 estimates)
- "Trends in the balance of trade for merchandise goods should result in an improvement in the overall trade picture": Bloomberg Intelligence
- Preliminary data on August merchandise trade show the deficit narrowed to a 10-month low
- Initial Claims 265k; range 240k to 350k (42 estimates)
- Cont. Claims 1950k; range 1925k to 1960k (7 estimates)
- “Unemployment claims have been influenced by the hurricanes, which will likely distort data for another two to three weeks. Despite the volatility from the storms, claims have resided in a narrow 227k-298k range over the last 12 months. Outside of this distortion, the labor market is still on a tight path": Bloomberg Intelligence
- In the prior report, jobless claims rose by 12,000 to 272,000
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283