In the US session Unemployment Claims and PPI data was published. In the week ending August 5, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 240,000 to 241,000. The 4-week moving average was 241,000, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 241,750 to 242,000.
The Producer Price Index for final demand declined 0.1 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices inched up 0.1 percent in June and were unchanged in May. On an unadjusted basis, the final demand index increased 1.9 percent for the 12 months ended in July. Over 80 percent of the July decrease in final demand prices is attributable to the index for final demand services, which fell 0.2 percent. Prices for final demand goods edged down 0.1 percent.
There will be no major data releases from the UK tomorrow. In the US session, CPI figures will be released. Analysts anticipate increase by 0.2%.
Figures to watch:
CPI (Friday 14:30)
