Article Summary
Evening digest [https://invezz.com/wp-content/uploads/2025/09/ChatGPT-Image-Sep-19-2025-01_12_22-AM.png] Global markets absorbed a wave of crosscurrents on Thursday, as US jobless claims data highlighted signs of a cooling labour market, Nvidia’s multibillion-dollar investment sent Intel shares soaring, India’s market regulator issued a reprieve for the Adani Group, and US President Donald Trump voiced frustration with Russia’s war stance. US JOBLESS CLAIMS DIP BUT LABOR MARKET WEAKENS The number of Americans filing for unemployment benefits fell last week, but signs of a weaker labour market continue to emerge. Initial jobless claims dropped by 33,000 to a seasonally adjusted 231,000 for the week ending September 13, according to the Labor Department. The decline partially reversed a spike the previous week, when claims rose to their highest level since October 2021. Much of that increase was linked to fraudulent applications in Texas following the Labor Day holiday. Despite the latest drop, underlying trends point to easing demand and tighter supply of workers. Hiring has slowed, with economists citing tariffs and tighter immigration rules as key drags. Federal Reserve Chair Jerome Powell described conditions as a “curious balance” where both…
Read the Full Article
This is a summary from our news feed. For the complete article with full details, analysis, and additional content, visit the original source.
Read Full Article on Invezz Markets