US GDP in the fourth quarter was revised upwards. In the third and last final reading, GDP rises by 4.3% in the short term, against + 4.1% at the second reading and against + 4% of the initial estimate. Analysts expected a confirmation of + 4.1%. Today’s figure follows the 33.4% jump in the third quarter, which in turn follows the 31.4% drop in the second quarter.
Meanwhile, the number of new applications for weekly unemployment benefits in the United States dropped to 684,000 from 781,000 seven days ago (revised from the initial 770,000 units). Analysts had expected a drop to 730,000 units. This was announced by the US Department of Labor.