Category: Macro
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Home Builder Confidence Falls to Lowest Since January
In October, homebuilder confidence hit its lowest levels since January, as indicated by a report released on Tuesday. This decline signals that soaring mortgage rates are putting pressure on the optimism of construction firms and affecting potential buyer traffic. The confidence index has now fallen for the third consecutive month, dropping from a revised September…
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U.S. Industrial Output Up 0.3% in September as Auto Strike has Limited Impact
In September, United States industrial production exhibited a 0.3% increase when compared to the previous month, following a period of stability in August (revised data). This information comes from the Federal Reserve, the central bank of North America. In comparison to September 2022, the overall production saw a modest uptick of 0.1%. During September, the…
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September US Retail Sales Rise Faster Than Expected
In September, retail sales in the United States experienced a robust increase of 0.7%, surpassing expectations. This growth was significantly higher than the 0.3% rise anticipated in a Bloomberg survey conducted as of 7:35 am ET. It also followed a revised 0.8% increase from the previous month. When excluding the 1% increase in motor vehicle…
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Dollar Exhibits Mixed Performance Against Major Currencies; Pound Weakens, Yen Experiences Brief Surge
The U.S. dollar remained within a narrow trading range on Tuesday as traders monitored developments in the Middle East and prepared for speeches by central bank officials later in the week. In contrast, the pound saw a decline in value following data indicating a weakening labor market. The yen experienced a brief surge but quickly…
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Oil Market Pauses Due To Caution And Uncertainty About The Impact Of The Turmoil In Israel
Investors pressed the pause button on the oil market recovery to assess the impact of the conflict in the Middle East. After a rise of more than 4% in prices due to fears that the conflict could spread beyond Gaza, the reference indices fell moderately due to the lack of estimates on the situation of…
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Payroll: USA Creates 336 Thousand Jobs in September; Unemployment Stands at 3.8%
The Bureau of Labor Statistics released this Friday (6) the jobs report, the payroll, and showed the creation of 336 thousand non-agricultural jobs in September, above market estimates, which were around 170 thousand. Furthermore, the unemployment rate was 3.8%, above the investor consensus of stability at 3.7% in the period. In September, the average hourly…
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Investors Expect Lower Job Creation In The US, and Treasuries Should Reflect The Result
Investors expect job creation in the United States to slow down again in September, in a key announcement for the Federal Reserve since markets began to fear that American interest rates will remain high for longer, given of persistently high inflation in the local economy. Labor market data will be released tomorrow at 8:30 EST…
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Week Ahead: Inflation In The United States And China Are The Highlights Of The Week
The forthcoming week will have global financial markets keenly observing the US inflation report slated for release on Thursday, as well as the ongoing earnings season. Market participants in the US will be watching producer prices and the Michigan Consumer Sentiment in addition to notable updates from China regarding its inflation and trade data, GDP…
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US Debt Ceiling Talks Continue, China Protests G7’s ‘Anti-China Workshop’, Israel Raises Interest Rates
China Protests G7’s ‘Anti-China Workshop’ China’s vice foreign minister summoned the Japanese ambassador to protest against what he described as collusion between Japan and the G7 to “smear and attack China.” The state-backed tabloid, Global Times, criticized the G7 summit hosted by Japan as an “anti-China workshop.” During the summit, the G7 condemned China’s activities…
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ECB Urges Caution Amid Central Bank Leaks, China Considers Bad-Debt Transfer
Ukraine’s President Eyes Arab-League Military Support Ukraine’s President, Volodymyr Zelensky, arrived in Saudi Arabia to strengthen his country’s ties with the Arab world at the Arab League summit. He will soon attend the G7 talks in Japan, where he aims to secure military support and promote his 10-point peace plan. In response, the G7 leaders,…