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Consumer Sentiment in U.S. Was Little Changed in April

Household sentiment was little changed in April from the previous month, holding at an elevated level on optimism about personal finances, University of Michigan survey data showed. Final April index of sentiment stood at 97 (forecast was 98), after 96.9 in March, and down from a preliminary reading of 98.  Current conditions gauge, which measures Americans’ perceptions of their personal finances, eased to 112.7 from 113.2 the prior month. The preliminary April reading was 115.2.

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Unemployment Claims up to 257,000

In the week ending April 22, the advance figure for seasonally adjusted initial claims was 257,000, an increase of 14,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 244,000 to 243,000. The 4-week moving average was 242,250, a decrease of 500 from the previous week's revised average. The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 15, unchanged from the previous week's unrevised rate.

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Durable Goods Orders rose less than expected

Orders for durable goods rose less than forecast in March as demand for automobiles, fabricated-metal products and machinery all declined, Commerce Department data showed Thursday. Bookings for goods meant to last at least three years rose 0.7 percent (forecast was 1.3 percent rise) after a 2.3 percent February advance that was higher than previously estimated. Read more...

US crude supplies fell by 3.6 million barrels

Oil prices turned higher Wednesday after data from the U.S. Energy Information Administration showed that domestic crude supplies fell 3.6 million barrels for the week ended April 21. The American Petroleum Institute late Tuesday reported a rise of 897,000 barrels, while analysts polled by S&P Global Platts forecast a fall of 1 million barrels.

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