Bonds & Stocks
US stocks climbed Thursday morning as a US court blocked the bulk of President Donald Trump’s import tariffs and an upbeat earnings readout from artificial intelligence darling Nvidia Corp. fueled risk appetite.
Economy
The larger-than-expected rise in both initial and continuing jobless claims signals ongoing softening in labor-market conditions. Initial jobless claims for the week ending May 24 surged to 240k (vs. 226 prior). That was above the consensus expecting 230k. Continuing unemployment-insurance claims surged by 26k to 1,919k for the week ending May 17.
World
German Chancellor Friedrich Merz said Ukraine has been given permission to use weapons supplied by its allies to launch strikes deep inside Russia. “There are absolutely no range limits anymore for weapons delivered to Ukraine, not from Britain, the French or from us- also not from the Americans,” Merz said at a conference in Berlin on Monday.