US weekly jobless claims rise for first time since April; FTSE 100 closes lower – business live
Rolling coverage of the latest economic and financial news
- Latest: FTSE 100 pulled lower by miners
- Oil and commodities hit by strong dollar
- US initial jobless claims rose to 412k last week
- Pound has fallen below $1.40
- Norway: First rate rise may come in September
- Introduction: Fed signals monetary policy may tighten faster
- As it happened: US Federal Reserve sees first rate rise in 2023
Copper is another prime example of the cooling of the commodities boom:
Copper prices are down 15% in just over a month. pic.twitter.com/C5zI2LXrWe
There’s also some interesting action in the bond markets.
The yields (or interest rates) on longer-dated US government bonds are falling today, indicating that investors are more confident that the Federal Reserve will keep inflation in check in the longer term.
US 2-year, 10-year treasury yield curve flattens to 126 bps, flattest since February 26 pic.twitter.com/VwqWBZlwMz
US 5-year, 30-year treasury yield curve flattens to 117 bps, flattest since November pic.twitter.com/zfQuVUYvSy
