The number of unemployed declined further by 0.7% in May 2025 to 522,400 from 525,900 in April, according to the Department of Statistics Malaysia (DOSM).
Japan’s annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank’s view that price pressure from rising raw material costs will gradually dissipate.
The latest data on wholesale inventories has been released, revealing a decrease of 0.3%. This figure aligns with the forecasted drop, suggesting a bearish outlook for the US Dollar (USD).
Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday.
The impact of U.S. tariffs on Japan’s exports and output was limited for now, but many companies worried about the risk of weaking global demand ahead, the central bank said on Thursday.
Most Asian stocks advanced on Thursday with technology shares tracking gains in Nvidia, which recently crossed a $4 trillion valuation, although concerns over U.S. trade tariffs remained in play.