March 20, 2025
United States:
US Jobless Claims Hold Steady at Low Level in Solid Job Market
Applications for US unemployment benefits were little changed last week at a relatively low level that underscores a resilient labor market.
Initial claims increased by 2,000 to 223,000 in the week ended March 15, according to Labor Department data released Thursday. That was in line with the median forecast in a Bloomberg survey of economists.
Europe:
ECB Has Room to Cut Interest Rates Further, Villeroy Says
The European Central Bank has space to reduce borrowing costs further with consumer prices now less of a concern than in the US, according to Governing Council member Francois Villeroy de Galhau.
Villeroy downplayed the inflation risks from American trade tariffs, saying Thursday that while economic growth will be curbed, the effect for prices will be “much less strong.”
Asia:
Chinese Bonds Recover From Selloff as PBOC Steps Up Cash Support
Chinese government bonds extended a recovery after the country’s central bank boosted short-term funding support.
Yields on the benchmark 10-year note fell 3 basis points to 1.84%, marking a third consecutive day of declines.
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