- Total U.S. unemployment expected to top 25 million as of today’s Jobless Claims release
- Oil climbs for the third day but volatility could continue
Though U.S. futures for the , and , as well as Asian indices, opened higher on Thursday after yesterday’s strong Wall Street performance, contracts on the major U.S. benchmarks have now slipped lower. European shares, though still in the green at the time of writing, are also wavering, pressured by of eurozone and PMI numbers which all dropped. The services release was especially abysmal across the region.
Investors are now bracing for today’s U.S. data. As of last week’s report, a total of 22 million Americans had filed unemployment claims over a three-week period; after today’s print it’s expected that number will climb to more than 25 million. As well, the number of reported, global COVID-19 cases continues to grow, currently topping 2,637,000 with close to 48,000 fatalities in the U.S. alone.
WTI extends a rebound…