China’s stock market saw a significant jump in trading activity as Beijing announced its target of achieving 5% GDP growth for the upcoming year. This news has spurred optimism among investors, leading to a surge in the prices of Chinese stocks.
The latest data released by the Department of Labor shows a significant decline in jobless claims, signaling a positive development in the labor market. For the week ended April 10, new filings for unemployment benefits fell to the lowest level seen in nearly three months, reaching a mere 202,000. This decrease has fueled hopes of a robust economic recovery as businesses gradually reopen and ramp up their operations.
