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US Jobless claims fall but so does the Philadelphia index - Nasdaq futures hit again

The US data releases just now hitting the screens saw another great jobless claims number. Claims fell to just 201k. That was well below the forecast number of 225k. However, at the same time the latest Philadelphia Fed business index fell much more than expected, to -13.5. The markets were expecting -1. That compared to a previous reading of 12. That was a bad miss. The question right now; is which one of these two releases will have the greater impact. The US equity futures are certainly not rising following these releases. In fact, they are falling even more. The Nasdaq 100 future is now pricing a reopening below 14,775

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