The blue-chip Dow futures dropped 16 points, or 0. The DJI was off 0. The tech-heavy Nasdaq composite added 0. Trump said he feels the dollar is getting too strong and called for low interest rates. That initially pushed the dollar lower and depressed U. The dollar later recovered helped by an unexpected fall in U. Oil was higher after the IEA said the market is close to balance. Commodoties Fargo was down 1. NYSE:Citi and NYSE:JPMorgan were higher after earnings beat estimates.
The dollar index was up 0. The dollar forexpros commodities us coffee had earlier dipped below as Trump said the U. He also called for interest rates to remain low, which pushed Treasury yields lower. The dollar also firmed against the yen and the euro. Jobless claims commoditjes toclose to a year low ofin February. The dollar index had Initial jobless claims were down 1, from the previous week at , the Labor Department said.
The previous week's figure was revised toEconomists had expected jobless claims to rise toThe figures showed the ongoing strength of the labor market. Initial jobless claims were down 1, from the previous week at Brent crude added 12 cents, or 0. The Energy Information Administration Wednesday reported an unexpected fall in U. But the impact of that was short-lived as investors turned to rising U.
Is shale activity could weigh on agreed production cuts by major producers. OPEC and non-OPEC producers are cutting output by 1. There are hopes of an extension of that accord for another six months. The International Energy Agency said Thursday the market is very close to balance. Brent crude added Wells Fargo shares were off 1. Citi shares were up 0. Forexpros commodities us coffee Dow futures off 0. The DJI closed off 0.
The tech-heavy Nasdaq futures lost 0. The dollar cmomodities steadied at lower levels after Trump's comments. Oil edged higher as the IEA said the market is very close to balance. Initial jobless claims and PPI are due out before the market opens. NYSE:JPMorgan shares were higher pre-market as Q1 earnings beat estimates. NYSE:CitiNYSE:Wells Fargo also due to report Q1 earnings. The DJI closed off JPMorgan shares were 0. Global stocks broadly lower. Q1 earnings in focus. China trade data shows brighter export outlook.
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