NewsBreak: Weekly Jobless Claims Hit Highest Since July

Investing.com -- The number of Americans making initial claims for jobless benefits rose to the highest level since late June last week, in a fresh sign that the economy is weakening under the impact of protracted trade disputes with major trading partners.

Initial jobless claims rose to 225,000 last week from 211,000 the week before, above forecasts for 215,000. The less volatile four-week rolling average also increased to 217,000, its highest since mid-July.

Elsewhere, the Bureau of Labor Statistics said producer prices rose at their fastest rate since March, with a 0.4% increase on the month in October. The annual rate of factory gate inflation still slowed to 1.1% from 1.4% in September.

EUR/USD unchanged at $1.0999

U.S. 2-Year yield down 2 basis points at 1.61%

U.S. 10-year yield down 3 basis points at 1.84%

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