Overseas Headlines – December 16, 2021

United States:

U.S. Jobless Claims Rose Slightly Last Week From 52-Year Low

“Applications for U.S. state unemployment benefits rose last week but remained near the lowest levels of the pandemic as the labor market recovery continues. Initial unemployment claims totaled 206,000 in the week ended Dec. 11, up 18,000 from the prior period, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for an increase to 200,000 applications.”



BOE Surprises With First Hike in Crisis to Curb Inflation

“The Bank of England unexpectedly raised interest rates for the first time in three years, setting aside concerns over a surge in coronavirus infections to tackle the highest inflation in more than a decade. The first major central bank to hike its benchmark since the pandemic began opted to lift borrowing costs by 15 basis points to 0.25%, delivering an increase that no other Group of Seven central bank has made since the start of the crisis.”



Bank of Japan to Weigh Covid Aid as Main Stimulus Chugs On: Decision Guide

“The Bank of Japan is seen standing pat on its main stimulus Friday while weighing an extension to its Covid aid program at the end of a big week of central bank decisions. With the vast majority of economists expecting no change in the BOJ’s negative interest rate or its main asset purchases, the focus shifts to whether the bank might extend or tweak a funding program for Covid-hit businesses that’s set to expire in March, or hold off on deciding until later.”



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