BOE & ECB; Initial Claims; Pending Home Sales

BOE & ECB Rate Announcements: ECB steady at 4.25%; BOE steady at 5%;

U.K. services, manufacturing and construction shrank in July and house prices dropped the most in a quarter-century.

Initial Claims 08/02 +7K at 455K vs 448K Full Report

Inside the number: Highest in six years. 4 week MA +25.75K at 419.5K. Continuing unemployment +31K at 3.311M; 4 week MA +27K at 3.201M.

Pending Home Sales Jun +5.3% vs -4.7% Full Report

Inside the number: Yoy -12.3%

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