December 5, 2024
United States:
US Jobless Claims Rise to One-Month High in Thanksgiving Week
Applications for US unemployment benefits rose to the highest in a month during a week that included the Thanksgiving holiday.
Initial claims increased by 9,000 to 224,000 in the week ended Nov. 30. The median forecast in a Bloomberg survey of economists called for 215,000 applications.
Europe:
German Factory Orders Dropped Less Than Expected in October
German factory orders dropped less than expected in October, raising the prospect that the country’s multi-year manufacturing recession is bottoming out.
Demand fell 1.5% from the previous month, less than the 2% decline economists polled by Bloomberg had estimated.
Asia:
BOJ’s Leading Dove Boosts Yen by Not Ruling Out December Hike
One of the Bank of Japan’s most dovish board members didn’t rule out the possibility of a rate hike this month, saying that it’s important to analyse the data first.
“I’ve said this before, but I’m not against rate hikes themselves,” said Toyoaki Nakamura in a press conference Thursday afternoon, after he had earlier given a speech to local business leaders in Hiroshima which pointed to his expected more dovish stance.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.