What’s in Today’s Report:
- The Key Events to Start 2023
Futures are slightly higher following a quiet night of news as markets bounce following Wednesday’s declines.
The economic calendar was mostly quiet overnight and the only notable economic report was Euro Zone Money Supply while was essentially in-line with expectations, rising 5.4% vs. (E) 5.5%.
In China, COVID cases continue to explode higher and there were reports of overwhelmed hospitals, but officials are proceeding with a full economic reopening.
Today the focus will be on Jobless Claims (E: 222K) and markets will want to see this number move higher towards 250k (and ultimately 300k). If claims remain stubbornly low, that could weigh on stocks (like it did last week).