FKLi : morning gossip....1060-1065

DJ +4, off highs, initial jobless claims come in below consensus, a good sign for the labor market. but fail to inspire the mkt.

The number of Americans filing new claims for unemployment fell to 565,000 last week from a revised 617,000 the previous week. That was short of the 603,000 new claims economists expected, according to a Briefing.com survey. CNN

8.35: DJ futs -4, NK +38 Kos +4

With DJ failing to provide the expected push, FKLI is seen soft at 1060-1065 till FBM opens.

But, with better-than-expected US job data it could reduce or even reverse the current negativeness at least till the US 2Q reporting at the end of the months. I guess the mkt just need more time to digest the data.