# Daily Global Market Summary - 14 May 2020

> 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.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53083-daily-global-market-summary-14-may-2020
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heavy unemployment and weak consumer income reduce food-service demand for meat and grain-fed products, while risk-off conditions can strengthen the dollar.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-12 | [Daily Global Market Summary - 12 August 2020 \| S&P Global](https://feedsoft.ai/events/10686-daily-global-market-summary-12-august-2020-s-and-p-global.md) | -0.7% | -1.1% |
| DXY | 2017-06-15 | [Fed rate hike draws mixed response from global markets](https://feedsoft.ai/events/70404-fed-rate-hike-draws-mixed-response-from-global-markets.md) | +1.1% | -0.5% |
| DXY | 2020-02-26 | [USD: Focus on the Fed - ING: Analytics and Market news from 26 February 2020 11:19](https://feedsoft.ai/events/54778-usd-focus-on-the-fed-ing-analytics-and-market-news-from-26-february-2020-11-19.md) | -0.6% | +7.0% |
| DXY | 2021-12-10 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/43825-fx-weekly-summary-brazil-issue.md) | -0.1% | -0.5% |
| DXY | 2017-03-01 | [Great Graphic:  Fed's Real Broad Trade Weighted Dollar - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/72193-great-graphic-fed-s-real-broad-trade-weighted-dollar-marc-to-market-marc.md) | +0.4% | -1.4% |

## Sources

- spglobal.com: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/daily-global-market-summary-14-may-2020.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.