In labor news, initial claims for the week ended April 7th were reported as 233,000, beating consensus estimates of 230,000, but below the prior week’s reading of 242,000. Additionally, Continuing claims for the week ended March 31 were reported as 1,871,000, above the upwardly revised prior week’s reading of 1,818,000. German exports for February registered a fall of 3.2%, lower than the consensus estimates of 0.2%, and lower than the upwardly revised prior month fall of 0.4%. Exports in China fell 2.7% year-over-year in March, missing economists’ expectations of an 11.8% increase. Meanwhile, imports jumped 14.4% in March, topping expectations of a 12.0% rise.