Japan’s exports rose for a sixth straight month in March, data showed on Thursday, as the threat of sweeping U.S. tariffs drove Japanese companies to ramp up shipments while sparking concerns about the outlook of the country’s export-reliant economy.
Asian stocks rebounded on Thursday amid hopes of U.S. tariff negotiations, while focus was squarely on Bank of Korea’s interest rate decision, Japanese trade data and Australia’s jobs report.
Joblessness among young people in Chinese cities dipped in March, reversing a two-month rise, official data showed on Thursday, as Chinese leadership pledges more efforts to boost youth employment.
Oil prices rose on Thursday and traded near their highest in two weeks on supply concerns after the United States imposed new sanctions to curb Iranian oil exports.
The euro eased against the dollar ahead of an expected interest rate cut by the European Central Bank on Thursday, while the greenback lifted off seven-month lows against the yen after U.S.-Japan trade talks avoided the issue of foreign exchange.
Euro zone industrial output rose more than expected in February, raising hopes that the sector bottomed out after a two-year recession, even if U.S. trade policy keeps risks high, data from Eurostat showed on Tuesday.
