ForeX US consumer sentiment at highest level

US Jobless Claims came in at better than expected 631k. Down from the 674 peak at the end of March and the third consecutive improvement in the 4-week moving average. The chart below shows that major turning points in the 4-week moving average of claims historically have coincided with the end of US recessions (as defined by the NBER)
Chinese PMI came out at 53.5 - the fifth consecutive monthly move up and the highest reading since April last year.
In Japan, March industrial production rose 1.6% MoM (consensus: 0.8%). That said, IP is still down by almost a third from a [...]