April 17, 2025
United States:
US Initial Jobless Claims Decline to Lowest Since Early February
Applications for US unemployment benefits fell to the lowest level in two months, consistent with a stable labor market.
Initial claims decreased by 9,000 to 215,000 in the week ended April 12, according to Labor Department data released Thursday.
Europe:
ECB Cuts Interest Rates Again as Trump Tariff Fears Threaten Recovery
The European Central Bank lowered interest rates for the seventh time since last June as trade tensions threaten to derail the region’s economic recovery.
The deposit rate was decreased by a quarter-point to 2.25%, as predicted by almost all analysts polled by Bloomberg.
Asia:
Japan’s Exports Rise at Slower Pace as Trump Tariffs Begin
Japan’s exports rose at a slower pace as the first salvo of Donald Trump’s tariff campaign started disrupting commerce with the introduction of a high levy on steel and aluminum.
Exports measured by value gained 3.9% in March from a year earlier led by cars and chip-making machinery, the Ministry of Finance reported Thursday.
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