June 18, 2025
United States:
US Jobless Claims Stabilize Near Highest Levels This Year
Applications for US unemployment benefits ticked down last week, stabilizing near the highest levels in eight months.
Initial claims decreased by 5,000 to 245,000 in the week ended June 14, in line with the median forecast in a Bloomberg survey of economists.
Europe:
Euro Zone Is Still Held Back by Rising Mortgage Rates, ECB Finds
Household consumption in the euro area will remain restrained for some time as past interest-rate hikes continue to feed through to mortgages, according to research by the European Central Bank.
The impact will be felt even after the ECB lowered its deposit rate to 2% from 4% starting in June 2024, economists at the Frankfurt-based institution wrote in a paper published Wednesday.
Asia:
Japan’s Exports Drop Raises Recession Risks as US Tariffs Bite
Japan’s exports fell for the first time in eight months as the US tariff campaign weighed on global trade, raising the risk of a technical recession after the economy contracted at the start of the year.
Exports measured by value dropped 1.7% in May from a year earlier led by cars, steel and mineral fuel, the Ministry of Finance reported Wednesday.
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.
