Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services


Weekly initial jobless claims totaled 225,000 (consensus 238,000) following last week’s revised total of 241,000 (from 240,000). Continuing claims came in at 1.608 million after last week’s count of 1.551 million.

Personal income rose 0.7% in October (consensus 0.4%) following the 0.4% increase in September. Personal spending rose 0.8% in October (consensus 0.6%) versus a 0.6% increase in September.

The PCE Price Index rose 0.3% in October (consensus 0.4%) following 0.3% increase in September. The core PCE Price Index rose 0.2% in October (consensus 0.2%) after 0.5% increase in September.