SVET Reports
Thursday Markets Update (March 2, 2023)
On Thursday daily trading sessions NASDAQ gained +1.7 (o:11271, c: 11462) and BTC were declining by -0.7 (o:23309, c:23467).
On the macroeconomic side, the number of individuals filing for jobless benefits decreased by 2,000 on March 2nd to reach 190,000 for the week ending February 25th, which is below the market expectation of 195,000. This value is in close proximity to the nine-month low of 183,000 recorded at the end of January, indicating a tight labor market in the US, possibly due to reduced labor force participation. Consequently, it might add to inflationary pressures.