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.
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