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S&P Global's daily summary reports US initial jobless claims at 2.98 million for the week ended 9 May, still historically high, with continuing claims at a record 22.8 million. Equity and credit markets were mixed, with US high-yield spreads selling off to early-April levels.
Heavy unemployment and weak consumer income reduce food-service demand for meat and grain-fed products, while risk-off conditions can strengthen the dollar.
spglobal.comMay 14, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
