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July 9, 2026

The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ending on July 4th. The report said initial jobless claims edged down to 215,000, a decrease of 2,000 from the previous week's level of 217,000.
The Labor Department said the less volatile four-week moving average also slipped to 218,750, a decrease of 3,750 from the previous week's revised average of 222,500. Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment benefits, rose by 8,000 to 1.814 million in the week ending on June 27th. The four-week moving average of continuing claims also climbed to 1,808,000, an increase of 7,000 from the previous week's average of 1,801,000.
The Labor Department released a separate report last Thursday showing increased U.S. unemployment in June. The report said non-farm payroll employment rose by 57,000 jobs in June after jumping by 129,000 jobs in May. Meanwhile, the Labor Department said the unemployment rate edged down to 4.2% in June from 4.3% in May. 07/09/2026 - 10:08:00 (RTTNews)
Euro traded at 1.1438 against USD at 9:00 AM PST
Germany's exports grew in May, largely driven by the surge in shipments to the US, while overall imports dropped for the first time in four months. Exports rose 0.9% in May from the previous month. Shipments increased 0.8% in April. Meanwhile, imports decreased by 2.5%, following a 1.1% rise in April.
Consequently, the trade surplus rose from EUR 14.7 billion in April to EUR 19.1 billion. In the same period last year, the surplus totaled EUR 18.8 billion. Yearly, exports dropped 0.8%, reversing April's 3.7% increase. At the same time, growth in imports rose from 1.6% to 6.1%. Exports to EU countries decreased 1.1% from April, and imports from these countries slid 2.5%. Similarly, exports to the euro area fell 0.5%, and goods from the euro area decreased 4.3%.
In May, most German exports went to the United States. Exports to the US surged 23.1%, while imports from the US rose 11.5%. Further, exports to China advanced 7.1%, but imports dropped 2.0%. 07/09/2026 - 04:37:00 (RTTNews)
China's consumer price inflation softened in June, while producer price inflation accelerated to the highest in nearly four years on elevated energy prices. Consumer price inflation eased from 1.2% in May to 1.0% in June. The decline was caused by the fall in food prices. Food prices dropped 1.6% largely due to the sharp decrease in pork prices. At the same time, non-food prices rose at a slower pace of 1.5%.
Core inflation, which excludes food and energy prices, slowed from 1.1% in May to 1.0% in June. Monthly, consumer prices slid 0.3. Producer prices were up 4.1% year-on-year in June and up from 3.9% a month earlier. The rate of growth hit its strongest since July 2022. Producer prices dropped 0.3% from May. Price data shows that China is moving from near deflation to low positive inflation. 07/09/2026 - 02:34:00 (RTTNews)
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