US stock indices are trading in the green zone while being supported by the positive statistics coming from the US labor market. Today’s report has shown a decline in the amount of initial jobless claims down to the minimal level since 2008, which is definitely a positive sign in terms of economic prospects.
Yesterday’s Beige Book published by the Federal Reserve showed that all the 12 US regional banks saw moderate economic recovery.
It should be noted that the US Dollar weakened a bit against the common Euro currency in advance of the jobless claims report. EURUSD reached 1.2909 after rallying from 1.2875.
The chart below, courtesy of , reflects the current state of affairs in the market of S&P500:
