US unemployment claims had a setback, jumping to 436K – within the previous 430K-500K range. The market expected 425K. It’s also a big jump in comparison to last week’s outstanding 407K figure. The moving average for four weeks is still improving. We should still get a good result in the Non-Farm Payrolls tomorrow. Now the stage is fully set for ECB president Jean-Claude Trichet.
Jobless Claims Disappoint This Time
