Thursday, August 11, 2011 4:37:12 PM
Aug 11, 2011 (MarketNewsVideo.com via COMTEX) -- There is mixed news for the
economy today.
Initial jobless claims fell by 7,000, to a seasonally adjusted 395,000, in the
week ending August 6.
The reading is the lowest of first-time filings for unemployment benefits in
several months, and was better news for the jobs market than economists had
expected.
But, Commerce Department data today said the U.S. trade deficit grew by more
than expected in June.
A decline in exports let to a 4.4% increase in the trade deficit from May to
June, to $53.1 billion.
Economists had expected the trade deficit to narrow.
In reaction to the news and amid continued global economic concerns gold is
trading xxx Thursday.
The SPDR Gold Shares (GLD) is trading down 2%, while the iShares Gold Trust also
(IAU) trades down about 2%.
The U.S. Dollar Bullish Fund (UUP) is trading up slightly, while the Euro Trust
(FXE) trades up .1%. The WisdomTree Dreyfus Japanese Yen Fund (JYF) is trading
down about 1.6%, while the WisdomTree Dreyfus Chinese Yuan Fund (CYB) trades up
6%.
The SPDR S&P 500 (SPY) is trading up 1%.
The preceding is a transcript of the MarketNewsVideo.com video published at:
http://www.marketnewsvideo.com/?id=201108EconETF081111&mv=1.
MarketNewsVideo.com
URL: http://www.marketnewsvideo.com/
Copyright 2011 MarketNewsVideo.com
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM