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Stubborn Jobless Claims Weigh In
The US index ended indecisively on Thursday as unemployment claims in America remained elevated.
Analysts believe that the labor market will continue cooling down through Q4 as the number of coronavirus cases continues to rise.
House Speaker Nancy Pelosi put her weight behind a 25th amendment bill.
This gives Congress a role in determining whether the President will be forced out of office because he is incapable of doing his job.
However, with this coming so close to the election, the chances of the bill being passed are pretty slim.
ECB Keeping a ‘Free Hand’ on Euro Exchange Rate
The euro finished 0.10% lower on Thursday as the pace of the currency’s appreciation was again called into question.
A further rise in the euro would be a “risk to both growth and inflation”, according to European Central Bank policymakers.
Yesterday’s meeting also highlighted that the current inflation outlook was highly dependent on the amount of fiscal and monetary s...
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