US unemployment claims drop to eight-month low

Source: Bloomberg
The Department of Labor in the US released information concerning jobless claims which indicated that only 284K unemployment benefits applications were filled. This represents a decrease of 19K unemployment claims when compared to the preceding month. A survey by Bloomberg including 50 economists revealed that the median forecast accounted for 307K jobless claims.
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Fri, 25 Jul 2014 07:36:10 GMT

Japan moves towards inflation goal

Japan's inflation in June slowed as Haruhiko Kuroda's actions move it towards the bank's target. CPI, excluding fresh food, went up 3.3% after a 3.4% gain. Kuroda said inflation will slow down in the next months before accelerating to the Bank of Japan's goal of 2% by this year. Overall inflation was 3.6% and 2.3% excluding energy and perishables, while

Fri, 25 Jul 2014 05:53:09 GMT

Thomas Jordan of SNB believes Franc cap is crucial

The Swiss National Bank will keep the 1.20 per euro cap since they want to keep prices stable in the foreseeable future. SNB Chairman Thomas Jordan argued in an interview that the cap is their main policy tool seeing as price development is their primary concern. SNB has already expressed their willingness to stick to the cap in response to the recent ECB easing.

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