Surprisingly, jobless claims rose to 744,000 last week which goes against the recent trend of declining claims. The Nasdaq index is looking higher on the open with traders speculating this could mean people are going to continue to be remote as an economic recovery and a pandemic recovery could both take longer that hoped. Another hot spot in the markets is oil as demand continues to remain low, leading to an increase in supply in the US. Lastly, the Japanese Yen is seeing strength across the board.
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