US Initial Jobless Claims:
In the week ending April 2, the figure for seasonally adjusted initial jobless
benefit claims was 382,000, a decrease of 10,000 from the previous week's
revised figure of 392,000. The 4-week moving average was 389,500, a dip of 5,750
from the previous week's revised average of 395,250.
Computer today announced it is increasing its investments in new technology
solutions and services that will help customers innovate and drive business
results in the Virtual Era. In its current fiscal year, Dell will invest $1
billion (USD) to deliver leading solutions, services and cloud-based delivery
options to help customers capture the benefits from new compute and information
Japanese meteorological agency has issued a tsunami warning for a wave of up to
one metre after the country's stricken northeastern coast was hit by a strong
aftershock. Officials say the quake was a 7.4-magnitude and hit 25 miles under
the water and off the coast of Miyagi prefecture. The quake that preceded last
month's tsunami was a 9.0-magnitude.
The Bank of Japan said today the nation's economy
is under strong downward pressure due to the impact of the disaster and has
decided on a ¥1trn ($12bn) loan program to support quake-hit areas.
The market falls 100 points and recovers after news of Japan being hit by a 7.4 magnitude earthquake, with CNBC's Tyler Mathisen & Scott Wapner. And CNBC's Sharon Epperson discusses the quake's impact on the oil markets. Gordon Charlop, Rosenblatt Securities, and Warren Myers, Warren Meyers, DME Securities, and CNBC's Rick Santelli discuss the rebound:
In New York Thursday, the Dow fell77 points or 0.62% to 12,349.
The S&P 500 slid 0.53% and the Nasdaq slipped 0.48%.
The pan-European Dow Jones Stoxx 600 has dipped 0.19% Thursday.
In Dublin the ISEQ has declined 0.53%.
CRH is down 0.42%; Elan is up 2.27%; AIB is off 3.33% and BoI is down 4.19%; IL&P has climbed 12.50%.
Crude oil for May delivery is currently trading on the Chicago York Mercantile Exchange (CME/Nymex) at $109.30 per barrel up 47 cents from Wednesday's close. In London, Brent for May delivery is trading on the International Commodities Exchange at $122.01.
The euro is trading at $1.4273 and at £0.8755.
Gold is trading at $1.456.80 per oz in New York.
Democrats and Republicans in Washington trade barbs in the budget battle. CNBC's John Harwood discusses the excuses behind the lack of an agreement as well as the American public's response:
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