U.S. consumer price rose, jobless claims down

A bunch of mixed economic reports from the U.S. was released on Thursday, reinforcing a view it is too early to speak about tapering of Fed's stimulus, as risks for recovery are still high. The number of unemployment claims reached the six-year low, signalling the labour market continues to mend. The number of initial jobless claims dropped by 15,000 to 32,000 in the week ended August 10, the fewest since October 2007, and down from a previous week's revised 335,000 figure. The less-volatile four-week moving average stood at 332,000, compared with 336,000 in the preceding week. The pace of firings slowed, reflecting a pickup in hiring, which is likely to bolster household incomes and spending, which accounts for the majority of overall economic activity.

In a separate report, the Federal Reserve said that the country's industrial output remained unchanged last month, as it neither gained or suffered setbacks, however it was below analysts' expectations of a 0.3% increase. Meanwhile, manufacturing output turned lower 0.1%, posting a first drop since declines in March and April. The weakness reflects a steep fall in production of motor vehicles and parts. Another report unveiled inflation data, showing consumer prices rose in line with predictions, diminishing worries about low inflation, which are performing as a drag trimming Fed's QE. The U.S. Consumer Price index advanced 0.2%, down from a 0.5% gain in June.