US Initial Jobless Claims Rise, But Labor Market Remains Strong
US initial jobless claims rose to 224,000 for the week ending November 30, up from 213,000 the previous week, surpassing market expectations of 215,000. This marks the highest reading in six weeks, but the increase still reflects a labor market...
Read more
US Trade Deficit Narrows in October 2024
The US trade deficit narrowed to $73.8 billion in October 2024, down from an upwardly revised $83.8 billion in September. This improvement came in slightly below market expectations, which had forecast a deficit of $75 billion. While the reduction in...
Read more
Canada’s Trade Deficit Narrows in October 2024
Canada recorded a trade deficit of CAD 0.92 billion in October 2024, improving from the previous month’s CAD 1.26 billion gap. However, this deficit was still wider than the expected CAD 0.8 billion, marking the eighth consecutive month of a...
Read more
Germany’s Factory Orders in October 2024: A Mixed Performance
Germany’s factory orders fell by 1.5% month-over-month in October 2024, a smaller decline than market expectations of a 2.0% drop. This decrease followed an impressive upwardly revised 7.2% surge in September, the strongest growth since December 2023. While October’s contraction...
Read more
Australia’s Trade Surplus Hits an Eight-Month High
Australia’s trade surplus for goods surged to AUD 5.95 billion in October 2024, marking the largest surplus since February. This figure significantly exceeded market expectations of AUD 4.55 billion and showed a robust recovery from September’s downwardly revised surplus of...
Read more
