US initial jobless claims dropped -6k to 213k in the week ended August 4. The four week moving average of initial claims dropped 0.5k to 214.25k.
Continuing claims rose 29k to 1.755m. Four-week moving average of continuing claims rose 3k to 1.74525m.
Headline PPI rose 0.0% mom, 0.3% yoy in July, missed expectation of 0.3% mom, 3.4% yoy. Core PPI rose 0.1% mom, 2.7% yoy, below expectation of 0.3% mom, 2.8% yoy.
From Canada housing starts dropped to 206k in July, below expectation of 281k. New housing price index rose 0.1% mom in June., above expectation of 0.0% mom.
