U.S. Initial Jobless Claims Fall To 386,000 Higher Than Expected, Spain Debt Auction Successful, Yields Remain Higher

Here is the summary of daily economic news from all over the world, start from New Zealand Q1 CPI Up 0.5% On Quarter, data Consumer prices in New Zealand were up 0.5 percent in the first quarter of 2012 compared to the previous three months, Statistics New Zealand said on Thursday - in line with expectations following the 0.3 percent contraction in Q4 of 2011

From Tokyo economic news we reported, Japan March Trade Deficit JPY82.55 Bln, actually Japan posted a merchandise trade deficit of 82.55 billion yen in March, the Ministry of Finance said on Thursday.

Nice to heard that Bank of Japan "Fully Committed" To Monetary Easing: Shirakawa, Bank of Japan Governor Masaaki Shirakawa on Thursday reiterated that the central bank is "fully committed" to pursuing powerful monetary easing to help the economy fight deflationary pressures and return to sustainable growth path.

From Beijing we reported, China People Bank of China Official Says Central Bank May Increase Liquidity: Report, China's central bank has vowed to increase supply of liquidity to the financial system, through measures including reduction of banks' reserve requirement, Xinhua reported late Wednesday citing an interview of an unnamed central bank official.

Meanwhile, U.S. Initial Jobless Claims Fall To 386,000, Higher Than Expected, New unemployment claims fell somewhat for the second week in April, but revised data for the previous week put the level of initial jobless claims significantly higher than most economists had predicted. The details data is according to the Department of Labor, new unemployment claims for the week ending April 14, came in at a seasonally adjusted level of 386,000. That marks a 2,000 decline from the previous week's revised level of 388,000 new unemployment claims.

From Eurozone member, Spain Debt Auction Successful, Yields Remain Higher, Spain saw strong demand for its debt during an auction on Thursday, but borrowing costs continued to rise amid increasing concerns that the country may be forced to seek a bailout. Details data we reported from The Spanish Treasury sold EUR 2.54 billion of 2 and 10-year bonds, slightly exceeding the EUR 2.50 billion maximum target set for the sale.