December 27, 2024
United States:
US Continuing Claims Rise to Highest in More Than Three Years
Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.
Continuing applications, a proxy for the number of people receiving benefits, rose to 1.91 million in the week ended Dec. 14, according to Labor Department data released Thursday.
Europe:
Bonds Fall as Thin Year-End Trading Compounds December Selloff
Bonds in Europe slid on Friday, with thin volumes compounding the moves and extending a rapid selloff this month as traders bet on a less aggressive pace of interest-rate cuts from major central banks.
The yield on 10-year German bonds rose as much as seven basis points to 2.40% as trading resumed after Christmas break, touching the highest level since late-November.
Asia:
China’s Xi Says Nation Faces ‘Arduous’ Reform, Stability Tasks
Chinese President Xi Jinping said the nation faces “very arduous” reform, development and stability tasks next year, after having “smoothly” achieved economic and social targets for 2024.
Xi urged officials at all levels to identify people’s most urgent needs and solve their most pressing issues, state broadcaster China Central Television reported Friday, citing a Politburo meeting he chaired.
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