In the US session Unemployment Claims and Philly Fed Manufacturing Index data was published. In the week ending October 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week's revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The previous week's level was revised up by 1,000 from 243,000 to 244,000. The 4-week moving average was 248,250, a decrease of 9,500 from the previous week's revised average. The previous week's average was revised up by 250 from 257,500 to 257,750.
Separate Report on Philly Fed Manufacturing Index showed that the index for current manufacturing activity in the region increased 4 points to a reading of 27.9 and is now at its highest reading since May. More than 39 percent of the firms indicated increases in activity this month, while 11 percent reported decreases. Both the new orders and shipments indexes remained positive but fell this month, decreasing 10 points and 13 points, respectively. Both the unfilled orders and delivery times indexes were positive for the 12th consecutive month, suggesting longer delivery times and an increase in unfilled orders.
There will be no major data releases from Eurozone tomorrow. In the US session Existing Home Sales figures will be published. Analysts anticipated decrease to an annual rate of 5.30 million.
Figures to watch:
Existing Home Sales (Friday 16:00)
