US Futures are Slightly Higher Despite Higher Weekly Jobless Claims

US futures are slightly higher despite higher weekly jobless claims.  The Labor Department reported that initial jobless claims rose 62,000 last week, well above consensus estimates.  This is the first report that includes some of the effects of Hurricane Harvey.  Also from the Labor Department, Q2 productivity was stronger than expected, rising at an annual rate of 1.5%.  European shares are higher as the ECB has left rates unchanged and commented that the outlook for growth and inflation remains unchanged.  Asian shares closed mostly higher.

US Futures are Lower This Morning Ahead of the Wee...
US Futures are Higher This Morning as Markets Look...

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