April 24, 2025
United States:
US Initial Jobless Claims Tick Up, In Line With Forecasts
Applications for US unemployment benefits picked up slightly, reflecting a stable labor market.
Initial claims increased by 6,000 to 222,000 in the week ended April 19, according to Labor Department data released Thursday.
Europe:
German Business Expectations Dip as Trade Fuels Uncertainty
German companies’ economic outlook deteriorated as US President Donald Trump’s tariffs overshadowed recent optimism about a huge jump in public spending.
An expectations index by the Ifo institute fell to 87.4 in April from 87.7 the previous month — higher than the median estimate of 85 in a Bloomberg poll of analysts.
Asia:
Japan’s Business Service Prices Stay Elevated Before Tariffs Hit
Service prices among businesses in Japan stayed elevated last month, indicating sustained inflationary pressures before the impact from US tariffs kicks in, as the Bank of Japan prepares to set policy next week.
The cost of services among companies climbed 3.1% in March, remaining above 3% for a sixth month, the longest such streak since 1991 if the effects of sales tax hikes are excluded, according to a BOJ report Thursday.
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