Separate report on Unemployment Claims showed decrease to 260,000, also beating market forecasts. The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending November 14, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 14 was 2,207,000, an increase of 34,000 from the previous week's revised level.
New home sales ran at an annual rate of 495,000 in October. That was up 10.7% for the month, the Commerce Department said Wednesday, and 4.9% higher compared to a year ago. September's pace, previously reported as 468,000, was revised down to 447,000. The median sales price dipped 8.5% to $281,500 from a recent high of $307,800.
Tomorrow's session will bring M3 Money Supply figures from Eurozone. Analysts are predicting no change this month. There will be no data releases in the US session, with banks being closed in observance of Thanksgiving holiday.
Figures to watch:
M3 Money Supply (Thursday 10:00)
