Guardian Stockbrokers Key Economic News Monday 4 January 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

US number of initial jobless claims unexpectedly dropped in the week ended 26 December 2020

In the US, seasonally adjusted number of initial jobless claims recorded an unexpected drop to a level of 787.00 K in the week ended 26 December 2020, compared to a revised reading of 806.00 K in the previous week. Markets were expecting initial jobless claims to record a rise to a level of 833.00 K.

Japanese manufacturing PMI rose in December

In Japan, the final manufacturing PMI rose to a level of 50.00 in December, compared to a level of 49.00 in the previous month. Markets were anticipating manufacturing PMI to climb to a level of 49.70.

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