CommSec’s Tom Piotrowski says the number of people in America claiming unemployment benefits for the first time on Friday night was the highest it’s been in around five months.
“A slight softening there in terms of that employment measure, you would have thought might be supportive for US stocks under these circumstances,” he told Sky News Australia
“We’ve seen quite the opposite at the moment the market just recovering off its worse levels of the session.“It’s clear the markets are quite anxious” ahead of the official non-farm payroll figures which will be realeased on Friday night, he said.
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