US jobless claims worse than expected
At 13:30 GMT, the US Department of Labor showed that the unemployment claims reached 230K during the past week, worse than forecasts of 199K, and worse than the previous reading of 207K. This data is negative for the US dollar.
US producer prices slower than expected in December
At 13:30 GMT, the US economy released its reading for the producer prices index, which rose by 0.2% in December, lower than the previous reading 0.8%, and lower than forecasts of 0.4%.
The core reading (excluding food and fuel prices) rose by 0.5%, on par with forecasts, and lower than the previous reading of 0.7%. This data is negative for the US dollar.
European stocks fall as US bonds rebound
European stocks fell on Thursday, as recovery from a 3-week low halted due to investors' risk aversion, after the 10-year US Treasury bond yield rebounded.
The Stoxx Europe 600 index fell 0.2% as of 11:45 GMT, after it closed higher by 0.7% and within recovery from the 3-week low of 477.90 points.
The healthcare sector is the biggest loser in Europe today, with a drop of more than 0.75%, followed by the tech sector.
The 10-year US Treasury yield rose 1.5% today, snapping the 3-day losing streak, and weighing down on risk appetite in global stock markets.
S&P 500 futures fell 0.4% today ahead of Wall Street's opening, after the index closed higher by 0.3% yesterday.
Back to Europe, the Euro Stoxx 50 index fell 0.3%, France's CAC 40 fell 0.7%, Germany's DAX index fell 0.1%, and the UK's FTSE 100 fell more than 0.2%.
Gold falls for first day in 5 as US bonds rebound
Gold prices fell on Thursday, for the first time in 5 days, and pulled back from a 1-week high due to profit-taking, while the US T-bond yields rebounded ahead of the US producer prices data.
Gold prices fell 0.4% to $1,819.07 an ounce, after opening at $1,825.89, and hit a day high at $1,828.03.
Gold gained 0.3% yesterday, the fourth daily gain in a row, and hit a 1-week high at $1,828.05.
These gains came due to the US dollar's drop against a basket of major and minor currencies, as inflation spikes in the US to 1982 highs.
The US 10-year Treasury yield rose 1.5% today, snapping the 3-day losing streak, ahead of key data in the US on producer prices during December.
Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest since December 28 at 976.21 metric tonnes.