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[macro outlook] pay attention to the number of initial claims for unemployment benefits in the United States in the week ended July 17
Jul 22,2021 06:57CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 June 22: today focuses on the number of Americans who applied for unemployment benefits in the week ending July 17.

The European Central Bank (ECB) is the main refinancing rate in the euro zone in July, and the ECB achieves its goal of stabilizing prices by setting the benchmark rate, the refinancing rate, every month. The refinancing rate is the interest rate at which commercial banks can borrow money from the central bank. This is a tool for the central bank to implement monetary policy, which is used to affect the liquidity and lending rates in the interbank market, and in turn affect the deposit and lending rates of commercial banks to the public.

The number of people applying for unemployment benefits in the week up to July 17 in the United States is the focus of the investment market. with the substantial increase in the number of unemployed, the financial pressure on the US government has also increased, and it is also a test for the US economy, which is suffering from "double red sickness." it's bad for the dollar.

The total annualized sales of existing homes in the United States in June was a leading indicator of the health of the economy, as home sales triggered a wide range of effects. For example, new homeowners decorate, financial banks sell mortgage certificates, and intermediary fees.

The consumer confidence index of the euro zone in July, released by Eurostat, can reflect its views on the outlook for the economy and personal income. Through changes in the economic climate index, it can reflect the expectations of consumers and business owners for the future economy and consumption, which is a leading indicator and plays a predictive role in the future economic direction.

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