There were no major data releases from Eurozone yesterday. The European Central Bank is willing to ease monetary policy further, according to three top officials including its president, who echoed his U.S. peers’ concerns about an uncertain outlook for the global economy. This year would be another challenging one for the ECB, Mario Draghi wrote in its annual report released on Thursday. “We face uncertainty about the outlook for the global economy. We face continued disinflationary forces. And we face questions about the direction of Europe and its resilience to new shocks,” he wrote.“If further adverse shocks were to materialize, our measures could be recalibrated once more commensurate with the strength of the headwind,” he said.
In the US session Unemployment Claims figures were released. In the week ending April 2, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 9,000 from the previous week's unrevised level of 276,000. This marks 57 consecutive weeks of initial claims below 300,000, the longest streak since 1973. The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending March 26, unchanged from the previous week's unrevised rate.
There will be no major data releases both from Eurozone and the USA tomorrow, so we can expect a bit steadier session.
Last modified on Thursday, 07 April 2016
