US STOCKS-Futures dip ahead of weekly jobless claims, OPEC+ meeting [Reuters]
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Source: Reuters
Futures dip ahead of weekly jobless claims, OPEC+ meeting (Reuters) - U.S. stock index futures edged lower on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on hopes of sweeping production cuts. Weekly initial jobless claims, the most timely data on economic health, are expected to have surged to 15 million in the past three weeks, even with figures for the week ended April 4 likely to slip to a seasonally adjusted 5.25 million, according to a Reuters poll of economists. Estimates in the survey were as high as 9.295 million, and the final report from the Labor Department is expected at 8:30 a.m. ET. “The virus situation in the U.S. had been worsening day by day last week and we wouldn’t be surprised if we get a new record (in jobless claims),” said Charalambos Pissouros, senior market analyst at JFD Group. “This would confirm that the damages in the U.S. job market are worse than previously anticipated and may trigger another ro
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