β’ US Initial Jobless Claims: 213,000
Forecast: 215,000
The figure came in slightly lower than expected β signaling the labor market remains relatively stable.
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It may signal rising stress in private credit markets as investors rush to pull capital.
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The surge comes after news that Trump will hold a conference for token holders.
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The conflict between the U.S. and Iran could last far longer than expected, potentially pushing oil prices past previous crisis highs, according to RBC Capital Markets.
If the war drags on for months, prices could exceed the 2008 record of $146 a barrel.
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