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Why US job claims matter to UK stock prices

posted by Avatar mateo 730 days ago in USD, GBP, Employment made popular 730 days ago

American dole queues could be partly to blame. Initial jobless claims for the last week in January were expected to fall. But they climbed by 8,000 to 480,000, suggesting the US economy is doing worse than was thought. In turn, that’s a bad sign for company profits – and suggests the rest of the world will soon be suffering, too.
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