All major European stock indexes fell, with the FTSE 100 index down nearly 1% after four consecutive days of gains.
spot gold maintained the rebound momentum, hovering around 1930, which does not rule out further rising. The analysis points out that although the market trend is relatively light compared with the gold and silver riots in the previous two trading days, once the decline of the US dollar intensifies, it is expected to trigger a new round of stimulus.
at 20:30 Beijing time, the U.S. Labor Department released the report on initial claims for unemployment benefits last week. The market is expected to see more than 1 million figures again.
if it meets the expectation, it will mean that the number of new jobless claims exceeds 1 million for the 21st consecutive week. During the coronavirus pandemic, tens of millions of Americans lost their jobs and businesses were forced to close down. More than 55 million people have applied for new unemployment insurance benefits in the week ending March 20.
Michael Hewson, chief market analyst at CMC markets, said: “the most worrying thing now is that these numbers may start to rise again, given the expiration of the $600 weekly pay increase and the reversal in recruitment after the closure of new factories.”
Chris rupkey, chief financial analyst at Bank of Mitsubishi UFJ, said, “as the number of people applying for unemployment benefits has dropped from its recent peak, the pressure on the labor market is easing slightly. But we’re not sure if that’s good news for the recovery, or because the federal government’s weekly check for $600 is invalid, causing some new unemployed workers to be afraid to apply for unemployment benefits. ”
Chris rupkey said, “there are rumors that some states are tightening the eligibility requirements for unemployment benefits, and unemployed workers need to actively seek new employment opportunities to obtain assistance.”
he added: “no matter what you think, the good days of those who were fired after the recession but who received government aid may be over.” “Unless unemployment starts to rise, federal and state governments are likely to become increasingly reluctant to help unemployed workers.”
according to the analysis, if the data of initial claims for unemployment benefits indicates that the U.S. employment market has reversed again, it is bound to be detrimental to the trend of the US dollar. The overall fall of the US dollar will also trigger a new round of market volatility.
there are also new news on trade between the EU and the United States. The US government said on Wednesday (August 12) that it would maintain a 15% tariff on Airbus aircraft and a 25% tariff on other European products, although the European Union has taken action to resolve a long-standing dispute over aircraft subsidies.
U.S. trade representative lethizer said the EU has not yet taken the necessary action to comply with the WTO decision, and Washington will start a new process to try to reach a long-term solution. Lethizer’s office said it would revise the $7.5 billion list of affected European products, remove some products from Greece and the UK, and increase the same number of products from Germany and France.
Airbus said it was “deeply sorry” that the United States had decided to keep tariffs on its aircraft unchanged. In this regard, on the afternoon of August 13, Beijing time, French finance minister le Maire reiterated the need to negotiate with the United States to resolve the issue of subsidies.
in addition, a spokesman for the European Commission said that the European Commission recognized that the United States had decided not to increase tariffs on European products, so as not to aggravate the Airbus dispute. The EU hopes to negotiate a solution with the United States. At present, the economic growth is slowing down, and the tourism and aviation industries have been hit hard. It is particularly urgent to solve the dispute between Airbus and Airbus.
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the live entertainment mobile streaming media platform Sixiang rose 77.4% before the unlimited disk. Today, it announced the acquisition of 100% equity of beelive, a real-time streaming media platform.