German trade surplus expands in July as imports plunge
Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.
Initial jobless claims came in at 206,000, slightly above the 205,000 estimate, indicating steady employment.
The jobless claims figures still point to a stable US job market. Hiring remains subdued, and layoffs are also scarce.
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Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.
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