U.S. Initial jobless claims little changed

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Source: Bloomberg
The latest figures, provided by the Labor Department, showed that the number of initial jobless claims in the world's biggest economy was little changed in the week ended August 11. Claims for unemployment benefits added 2,000 to 366,000, from the previous week's revised figure of 364,000. Meanwhile, employers hired 163,000 workers during last month. The overall unemployment rate is remaining above 8% level since February 2009.
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Thu, 16 Aug 2012 17:59:34 GMT

Gold futures advanced on Thursday

Gold futures edged higher by 0.72 per cent to $1,618.10 per ounce, as investors optimism was fueled by positive economic data from the U.S. Other precious metals followed gold, with copper, silver and palladium all for September delivery rising by 0.43%, 1.13% and 0.71%, respectively. Even though the prices are increasing, the global demand for gold dropped 7% in the second quarter.

Fri, 17 Aug 2012 15:50:55 GMT

Treasuries jumped on economic data

The U.S. treasuries jumped on Thursday, pushing 10- year note yields lower by 1.43% to 1.79%. The two-year notes erased 1 basis point to 0.28%. Initial jobless claims in the U.S. rose slightly to 366 thousand in the week ended August 11. In the property market, the number of new residential buildings declined by 1.1 per cent in July to 746,000 units.

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