ECB Cuts Rates to Guard Stalled Economy Against Tariff Threats 
 

The ECB cut rates by a quarter point, aiming to buffer an economy threatened by tariffs and a sudden need to ramp up military spending.

 
U.S. Trade Deficit Grew 34% in January 
 

Imports rose to $401.2 billion while exports climbed to $269.8 billion, yielding a deficit of $131.4 billion, wider than economists' expectations of a deficit of $128.78 and the $98.1 billion deficit of December.

 
Jobless claims recede from 3-month high, but unemployment filings jump for federal workers 
 

The first trickle of federal workers losing their jobs showed up last week in U.S. applications for unemployment benefits, but many more filings are likely in the next few months as the full scope of mass layoffs become clear.

 
Eurozone's Retail Sector Continued to Struggle at Start of 2025 
 

Retail trade ticked lower at the start of this year, with January's decline marking four months of no growth in sales for the sector.

 
U.S. Stocks Drop, Rattled by Global Government Policy 
 

The Dow, S&P 500 and Nasdaq Composite each fell more than 1%, with investors unnerved by frequent changes in U.S. tariff policy.

 
The Recession Trade Is Back on Wall Street 
 

Bank stocks and the Russell 2000 have slumped on growth concerns, while Treasurys and gold have rallied.

 
China Says It Has 'Ample' Policy Tools to Spur Growth 
 

China's central bank governor Pan Gongsheng said the PBOC will cut interest rates and banks' reserve requirement ratio at an appropriate time this year.

 
Germany, Once a Beacon of Frugality, Jolts Europe With Planned Spending Splurge 
 

Berlin's decision to lift all caps on military spending and binge on infrastructure marks a U-turn for the fiscally conservative country.

 
EU Lawmakers Push Back on U.S. Criticism of Tech Antitrust Regulation 
 

The lawmakers told top U.S. officials the new digital competition rules, which have been used to launch probes into Apple, Google and Meta Platforms, do not solely target American companies.

 
Argentina's Shale: Time to Drill, Baby, Drill? 
 

While pro-business regulation in Argentina is drawing investment to its promising shale basin, drillers might still proceed cautiously.

(END) Dow Jones Newswires

March 06, 2025 11:00 ET (16:00 GMT)

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