US unemployment benefit claims fall more than expected; ECB leaves key rates unchanged
New US unemployment benefit claims fell more than expected last week that could ease fears about the labor market recovery. However, the pace of growth in the US services sector slowed more than expected in April, while new orders dropped, according to an industry report. In Europe, the ECB elected to leave its benchmark interest rate unchanged, but Mario Draghi dashes hopes of another stimulus in the offing.
