Overview:

Initial jobless claims printed at 207,000 for the week ending April 19, beating the consensus forecast of 212,000 and matching the prior week's revised figure, signalling continued resilience in the US labour market. S&P 500 futures trimmed earlier losses to -0.17% at 7,159.00 following the release, after having slipped as much as -0.46% in overnight trade. The 10-year Treasury yield held at 4.31%

Initial jobless claims printed at 207,000 for the week ending April 19, beating the consensus forecast of 212,000 and matching the prior week’s revised figure, signalling continued resilience in the US labour market. S&P 500 futures trimmed earlier losses to -0.17% at 7,159.00 following the release, after having slipped as much as -0.46% in overnight trade. The 10-year Treasury yield held at 4.31% as traders awaited the S&P Global Composite PMI reading at 9:45 AM ET, where the prior reading stood at 50.3.

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James Whitfield is a pre-market analyst at PreMarket Daily with a focus on overnight futures, early session movers, and the catalysts that set the tone before the 9:30 AM ET open. He tracks S&P 500,...