April 3, 2025
United States:
US Continuing Jobless Claims Rise to Highest Since November 2021
Recurring applications for US unemployment benefits rose to the highest since November 2021, adding to signs it’s proving more difficult for out-of-work people to re-enter the workforce.
Continuing claims, a proxy for the number of people receiving benefits, increased to 1.9 million in the week ended March 22. Forecasters expected 1.87 million applications.
Europe:
ECB Officials Saw Rate Cut or Pause as Options for April
European Central Bank officials saw either another reduction in interest rates or a hold as possible when they next set policy, according to an account of their March meeting.
“It was considered important that the amended language should not be interpreted as sending a signal in either direction for the April meeting, with both a cut and a pause on the table, depending on incoming data,” a summary published Thursday showed.
Asia:
Yen Rallies, Japanese Bonds Surge While Stocks Slump on Tariffs
The yen outperformed all its Group-of-10 peers on Thursday while Japanese bonds rallied after the latest US tariff announcement boosted haven demand. Stocks in Tokyo led declines among major Asian markets.
Japan’s currency gained as much as 1.6% to 146.91 against the dollar, the biggest advance since Nov. 27.
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