A batch of mixed data is released from the US today. Initial jobless rose 12k to 214k in the week ended September 22, above expectation of 208k but stayed low. Four-week moving average of initial claims rose 250 to 206.25k. Continuing claims rose 16k to 1.611m in the week ended September 15. Four-week moving average of continuing claims dropped -12.25k to 1.6915m, lowest since November 10, 1973.
Headline durable goods order jumped sharply by 4.5% in August, above expectation of 1.5%. But ex-transport orders rose only 0.1%, missed expectation of 0.3%. Wholesale inventories rose 0.8% mom in August, above expectation of 0.3% mom. Q2 GDP was finalized at 4.2% annualized, unrevised. Trade deficit widened to USD -75.8B in August. GDP price index was revised up to 3.3%, from 3.0%.
