Skip to content Skip to footer

U.S. jobless claims rise again, stocks drop – 25th November

After climbing above the 30,000 handle yesterday, the Dow and all major U.S. indices fell on Wednesday, as jobless claims rose.

Weekly Initial jobless claims figures were released a day earlier this week, as the United States is set to celebrate Thanksgiving on Thursday.

Today’s numbers showed that claims for state unemployment benefits rose by 30,000 from last week’s figure, to come in at 778,000 for the week ending November 21st vs 730,000 expected.

This was the second consecutive weekly increase in claims, which had begun to fall from the highs seen in March. 

EU prepared for No-deal Brexit, despite positive trade talks

With 4 weeks left before the UK’s divorce from the European Union is finalised, the two parties continue to engage in talks, with some progress being made.

Despite this, European Commission President, Ursula von der Leyen stated that,  “The European Union is well prepared for a no-deal-scenario, but of course we prefer to have an agreement.”

She went on to add that, “With very little time ahead of us, we will do all in our power to reach an agreement. We are ready to be creative. But we are not ready to put into question the integrity of our single market”.

The DAX marginally dropped on the news, as many believe that a deal will be done come what may.

UK borrowing hits record high

The national lockdown in the United Kingdom is set to end in exactly a week from now, however the economic impact of this, has led to borrowing numbers reaching their highest levels since World War Two.

It was confirmed that the UK will borrow close to £400 billion in 2020, to help pay for the impact that the coronavirus has had to its economy.

In an address to parliament, Chancellor Rishi Sunak stated that, “Our health emergency is not yet over. And our economic emergency has only just begun, so our immediate priority is to protect people’s lives and livelihoods”.

The economy is expected to contract by 11.3% this year.

Quote of the day – “In certain markets, the cure for a low price, has always been a low price”.

Rich Ellison

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.