NEWSLETTER
As traders approach another crucial day for financial markets, Thursday, December 26, 2024, a series of crucial economic data releases are expected that could influence market dynamics. The focus will be on the initial jobless claims report, which serves as a key indicator of the health of the labor market. Additionally, the 7-year bond auction will provide insight into investor appetite for US government debt.
Main economic events to follow
• 8:30 am (CET) – Initial unemployment claims: 223,000 expected, previously 220,000. Measures first-time unemployment insurance claims, indicating labor market trends.
Other important economic events to watch
• 8:30 am (CET) – Continuing unemployment claims: 1,874,000 previous. Tracks ongoing unemployment benefit claims.
• 1:00 PM ET – 7-Year Bond Auction: Past Yield 4.183%. It measures investor demand for medium-term US Treasury debt.
• 4:30 PM ET – Weekly API crude stocks: previous -4.7 billion. Provides information on US oil inventory levels and oil demand.
• 4:30 PM (CET) – Federal Reserve Balance Sheet: previous 6.889 billion. Reveals the assets and liabilities of the Federal Reserve.
• 4:30 PM ET – Reserve Balances with the Federal Reserve: previous 3,237T. Shows the account balances of depository institutions at regional Federal Reserve banks.
Other economic events to follow
• 7:00 am (CET): MBA Purchase Index: previous 157.1. Indicates the volume of mortgage applications for home purchases.
• 07:00 hours (CET) – Mortgage refinancing index: previous 617.5. Measures mortgage refinancing activity.
• 07:00 hours (CET) – Mortgage market index: previous 224.0. Covers all mortgage applications during the week.
• 7:00 a.m. ET: 30-year MBA mortgage rate: Previous 6.75%. Reports fixed rates on 30-year mortgage loans.
• 07:00 hours (CET): MBA mortgage applications: previous -0.7%. Shows the change in the volume of new mortgage applications.
• 8:30 am (CET) 4-week average unemployment claims: previous 225.50 thousand. Softens weekly jobless claims data.
• 11:00 a.m. (CET): US M2 money supply: previous 23.31 trillion. It measures the broad money supply in the US economy.
• 11:30 am (CET) – 4-week bill auction: previous yield 4.230%. Indicates the costs of short-term government borrowing.
• 11:30 am (CET) – 8-week bill auction: previous yield 4.230%. It reflects investor demand for short-term Treasury bills.
For more information and the latest updates, see our Economic Calendar, here.
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