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June 4, 2026
First-time claims for unemployment benefits in the U.S. increased in the week ending on May 30, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week of 212,000. With the increase, jobless claims reached their highest level since hitting 230,000 in the week ending on February 7.
The Labor Department said the less volatile four-week moving average also rose to 214,750, an increase of 6,500 from the previous week's average of 208,250. Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, dipped by 8,000 to 1.777 million in the week ending on May 23. The four-week moving average of continuing claims still crept up to 1,777,250, an increase of 4,750 from the previous week's average of 1,772,500. 06/04/2026 - 09:47:00 (RTTNews)
Euro traded at 1.1626 against USD at 9:00 AM PST
Eurozone retail sales declined in April, reflecting decreases in non-food and auto fuel sales. Retail sales fell 0.4% monthly in April, in contrast to the 0.8% rise in March. Sales were expected to drop by 0.3%.
Sales of food, drinks, and tobacco increased 0.9% from last month. Meanwhile, sales of non-food products and automotive fuel in specialized stores decreased 0.9% and 2.7%. On a yearly basis, retail sales growth eased to 1.0% from 2.1% in March. Retail sales in the EU27 dropped 0.5% in April from the previous month but increased 0.9% from last year.
The largest monthly decreases in the total retail trade volume were recorded in Denmark, Romania, Belgium, and Slovakia. Meanwhile, increases were seen in Lithuania, Malta, and France. 06/04/2026 - 05:42:00 (RTTNews)
Australia's trade balance rebounded in April as exports logged notable growth. The trade balance posted a surplus of A$1.79 billion in April, following a shortfall of A$1.02 billion in March, which was the first deficit since 2017. In April 2025, the surplus totaled A$4.4 billion.
Exports of goods increased by 7.2% compared to the previous month, primarily due to a rise in metal ore and minerals. In contrast, imports saw a modest growth of 0.8% from last month, driven by an increase in fuel imports. However, there was a significant decline of 16.4% in the imports of capital goods. 06/04/2026 - 00:53:00 (RTTNews)
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