Markets:

  • AUD leads, USD lags on the day
  • European equities lower; S&P 500 futures +0.03%
  • US 10-year yields down 2.2 bps to 3.921%
  • Gold up 1.30% to $2,412
  • WTI crude up 0.05% to $75.26
  • Bitcoin up 4.28% to $57501

The European session has been uneventful with no economic data or notable headlines. The market is waiting for the US jobless claims figures as the data might either lift the risk sentiment or trigger another wave of risk-off flows.

In the markets, the most notable mover has been the AUD as it rallied during the Asian session on hawkish comments from RBA’s Governor Bullock. Other than that, there’s nothing else that catches the eye.

The focus will now switch to the US jobless claims report. Initial Claims are expected at 240K vs. 249K prior, while Continuing Claims are seen at 1870K vs. 1877K prior. The distribution of forecasts is skewed to the downside with most seeing the data coming out in the 235K-245K range.