On the other hand, U.S. economic data released Thursday morning showed some weakness. Initial jobless claims rose 5,000 to 245,000 versus expectations for 240,000. The Philadelphia Fed Manufacturing Index for April fell to -31.30 versus expectations for -19.2 and against March’s read of -23.2. Finally, existing home sales for March fell 2.4% versus forecasts for a rise of 5%.
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