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.
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