Global markets: US jobless claims gain, previous week revised

By Commodity News Service Canada

WINNIPEG, March 24 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS RISE
US jobless claims for the week ended March 19 gained 6,000 to a seasonally adjusted 265,000, according to data from the country’s labour department.

However, jobless claims for the prior week were revised, balancing this week’s data, and indicating the US labour force is stronger than previously thought.

Jobless claims in the prior week show 6,000 fewer claims.

BRAZILIAN MEDIA PUBLISHES NAMES OF POLITICIANS PAID BY COMPANIES
Brazilian media has published the names of about 200 politicians who allegedly received payment from one of the country’s biggest companies, according to reports on Thursday.

Police had seized that information as evidence in a corruption investigation.

It isn’t yet clear which funds are company payouts, and which are campaign donations.

OIL SET FOR BIGGEST WEEKLY FALL IN TWO MONTHS
Crude oil futures were on track to see the biggest weekly decline in two-months, according to reports on Thursday.

Analysts attributed the losses to ample supplies and a stronger US dollar.

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