May 1, 2025
United States:
US Jobless Claims Jump on Spike in New York During Spring Recess
Applications for US unemployment benefits rose to the highest level since February during the week that followed Easter and spring recess at New York City public schools.
Initial claims increased by 18,000 to 241,000 in the week ended April 26, according to Labor Department data released Thursday.
United Kingdom:
UK Manufacturing Shrinks as Exports Dry Up Amid Tariffs Shock
UK factories were hit by the biggest plunge in overseas orders in five years as a global trade war outbreak sapped demand from the US, Europe and China, according to a closely watched survey.
S&P Global’s purchasing managers’ index showed the manufacturing sector remaining deep in contractionary territory despite a slight improvement to a reading of 45.4 in April, above the flash estimate of 44 and up from 44.9 in March.
Asia:
Bank of Japan Pushes Back Inflation Target Due to Trade War
The Bank of Japan pushed back the timing for when it expects to reach its inflation target and slashed its growth forecasts as the global trade war initiated by US President Donald Trump darkens the economic outlook.
Governor Kazuo Ueda’s board voted unanimously to maintain the central bank’s policy rate at 0.5% at the end of the two-day gathering, according to a statement, as expected by all 54 economists surveyed by Bloomberg.
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.