Initial jobless claims in the US surged by 27,000 from the previous week to 263,000 in the first week of September, the highest single-week figure since October 2021, and well above market consensus of 235,000 initial claims. This finding aligns with a series of downbeat labor market surveys released since the beginning of the month, adding to evidence of worsening employment conditions in the US. (alg) Source: Trading Economics
The White House is adjusting its approach to tariffs that will take effect on April 2, likely eliminating a series of industry-specific tariffs while imposing reciprocal tariffs aimed at countries with significant trade ties with the United States, according to the Wall Street Journal. US President Donald Trump has declared April 2 as "Liberation Day" for the US, when he will implement so-called reciprocal tariffs that seek to match US tariffs with those imposed by trading partners, as well as tariffs on sectors such as autos, pharmaceuticals and semiconductors, which he has repeatedly said...
Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war. Talks between the world's biggest economies would occur just days before the long-threatened April 2 unveiling of fresh U.S. tariffs on every country that taxes U.S. imports, potentially including new steps against China. Trump did not say what he hoped the next set of U.S.-China talks would achieve, or whether they might lead to a roll-back of levies on Chinese imports. Trump has imposed 20% levies on all imports from...
President Donald Trump said on Thursday the United States will sign a minerals and natural resources deal with Ukraine shortly and that his efforts to achieve a peace deal for the country were going "pretty well" after his talks this week with the Russian and Ukrainian leaders. Trump made the comments at a White House event after signing an order to increase U.S. production of critical minerals. "We're doing very well with regard to Ukraine and Russia. And one of the things we are doing is signing a deal very shortly with respect to rare earths with Ukraine." Trump referred to his...
US citizens filing new applications for unemployment insurance rose to 223K for the week ending March 15, the US Department of Labor (DOL) reported on Thursday. This missed the preliminary estimate and was slightly higher than the previous week's revised count of 221K (revised from 220K). The report also highlighted the seasonally adjusted insured unemployment rate at 1.2%, while the four-week moving average rose by 750 to 227K from the previous week's revised average. Additionally, Continuing Jobless Claims rose by 33K to 1.892 million for the week ending March 8. (Newsmaker23) Source:...
German producer prices rose by 0.7% year-on-year in February 2025, up from 0.5% in January but still below market consensus of 1%. However, this was the fourth consecutive month of producer inflation, mainly driven by higher prices of non-durable consumer goods (3.0%) and durable consumer goods (1.2%).In particular, capital goods costs also rose (2.0%), especially machinery (1.9%) and motor vehicles, trailers, and semi-trailers (1.4%). In addition, intermediate goods prices rose by 0.3%. Excluding energy, producer prices rose by 1.4%. Meanwhile, energy prices shrank by 0.8%, mainly due to...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...