Applications for US unemployment benefits fell after a spike in the previous week, underscoring the choppy nature of the data at this time of year. Initial claims decreased by 13,000 to 224,000 in the week ended Dec. 13, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 225,000 applications. Continuing claims, a proxy for the number of people receiving benefits, rose to 1.9 million in the previous week. Holiday-related factors often lead to swings in weekly claims data, which will likely continue through the end...
The German economy will recover from its prolonged period of weakness very slowly, growing by only 0.2% this year, according to the new forecasts of Germany's banks' association, seen by Reuters on Wednesday.The association had previously forecast growth of 0.7% for this year in its forecasts published in September.The economy is not expected to recover noticeably until 2026, with growth of 1.4%, the Association of German Banks said.The German economy has contracted for two consecutive years and its prospects for this year have worsened after U.S. President Donald Trump announced a 25%...
US job openings fell in February while layoffs remained subdued, adding to evidence of a labor market that's only gradually cooling. The number of available positions decreased to 7.57 million from a revised 7.76 million reading in January, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.66 million openings. The pullback in openings was driven by declines in retail trade, financial activities and accommodation and food services. After steadily declining...
US factory activity contracted in March for the first time this year and prices accelerated sharply for a second month as the drumbeat of higher tariffs reverberated through the economy. The Institute for Supply Management's manufacturing index declined 1.3 points last month to 49, according to data released Tuesday. Readings below 50 indicate contraction and the figure was slightly weaker than the median production in a Bloomberg survey of economists. The group's price measure increased another 7 points to 69.4, still the highest since June 2022. Over the past two months, the...
China's official NBS Non-Manufacturing PMI rose to 50.8 in March 2025, up from 50.4 in February, marking the highest reading in three months and exceeding market expectations of 50.5. The new orders index climbed to 46.6%, up 0.5 percentage points from the previous month, signaling a rebound in demand within the non-manufacturing sector. The input price index edged up to 48.6%, rising 0.2 points, indicating a slower decline in operating costs for non-manufacturing firms. Meanwhile, the sales price index fell to 46.7%, down 1.1 points, suggesting that overall sales prices continued to...
Japan's industrial production grew at the fastest clip in nearly a year, as manufacturers sought to meet strong demand before the US implements new tariffs on autos and auto parts. Factory output increased in February by 2.5% from January, the first advance in four months and marking the fastest gain since March last year, the Industry Ministry reported Monday. Economists had expected a 2.0% gain. Output rose 0.3% from a year ago, missing the consensus call of a 1.2% rise. The ministry also reported that retail sales increased 0.5% in February from...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...