Forex | Forex | US initial jobless claims drop 38k to 550k (07/08/2009 05:34:34)

US initial jobless claims drop 38k to 550k

News and views Risk appetite waned last night, with no obvious event to attribute the decline to. US jobless claims dropped, but equities failed to respond. Cisco issued a cautious outlook, indirectly pushing the S&P500 (down 0.6% near the close) lower to form a technical “outside down day” (points to a reversal tonight). Oil was shocked lower, after US regulators banned market manipulation, but closes around flat. Copper lost 2.5%, correcting its recent exuberance. US interest rates were


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