Climate Summit, Airline Earnings, ECB Meeting – What’s Moving Markets By Investing.com – Investing.com

  • Date: 22-Apr-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Climate Summit, Airline Earnings, ECB Meeting – What’s Moving Markets By Investing.com – Investing.com

By Geoffrey Smith   

Investing.com - The U.S. sets out ambitious new climate pledges ahead of a summit to mark Earth Day. Jobless claims are expected to have ticked up slightly following last week's sharp fall. There is another big dump of earnings, with airlines prominent before the open, and Intel topping the bill after the close. The European Central bank holds its latest policy meeting, and oil slips to its lowest in a week as India's COVID-19 crisis worsens. Here's what you need to know in financial markets on Thursday, April 22nd.

1. Looking for a repeat on jobless claims

Can the improvement in the U.S. labor market be sustained? Initial jobless claims fell at their sharpest rates in several months last week to the lowest level since the pandemic started, suggesting that the torrent of layoffs caused by Covid-19 is finally, decisively, slowing down.This week's numbers are due at 8:30 AM ET (1330 GMT) as usual, and a slight rise from last week is expected, to 617,000 from 576,000. That would still represent an improvement from the dark days of winter, however.The numbers are the most important economic release of a week that has been dominated largely by earnings. They'll be