Out of the U.S
It was a quieter week on the economic data front.
Key stats in the week included August inflation figures and the weekly jobless claims figures.
In a shortened week, the stats were skewed to the positive relative to forecasts.
Both wholesale and consumer inflationary pressures eased less than had been anticipated in August. July JOLT’s job openings also painted a more optimistic view on labor market conditions.
Weekly jobless claims figures disappointed, however, with initial jobless claims sitting at 884k in the week ending 4th September. Economists had forecast jobless claims of 846m. The good news, however, was that there was no increase. In the week prior claims also stood at 884k.
While the stats suggested that the Dollar should have been on the back foot, some jawboning and risk aversion supported the Greenback in the week.
In the equity markets, the NASDAQ and S&P500