US labour market conditions support job growth in June – Nomura

FXStreet (Barcelona) - Economists at Nomura, see the US jobless claims data as supportive for further job growth in June.

Key Quotes

“Initial jobless claims were 267k in the week ending 13 June (the BLS survey reference week), 12k decline from the prior week’s figure of 279k. Also, in the week ending 6 June, continuing claims declined 4k from the prior month’s BLS reference week, a 34k swing from the prior week’s input for continuing claims. Both claims data suggest labor market conditions remain supportive for job growth in June.”

Merkel says Monday’s could become an 'advisory summit' if there is no foundation to work with

German Chancellor Angela Merkel has said that the summit on Monday will only produce decisions if there are foundations to work with, otherwise it could become an 'advisory summit'.
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