A plethora of US economic data has been met with little acknowledgement as risk sentiment remains steady. While initial jobless claims rose to a 5-week high, this had been offset by the firmer durable goods data. Alongside this, the second estimate of US Q3 GDP remained at 33.1%. However, given that the data is unlikely to move the needle for Fed policy the cross asset market reaction was fairly muted, while volumes are also thinner given the upcoming US Thanksgiving Holiday. That said, markets will likely continue to follow the narrative of positive vaccine updates, coupled with Former Fed Chair Yellen set to become ... (full story)