Source: Bloomberg The Chinese cabinet has vowed stronger monetary policy support in a bid to continue the stable expansion of credit as the country seeks to support the economy moving forward. MCHI is down 4.32%. The cabinet said it will keep policies that boost the economy and keep away from measures that will dampen market sentiment.Officials noted the need to observe … [Read more...] about China Commits Strong Monetary Policy Support to Prop Up Economy
American Existing-Home Sales Slip by 7.2%
Source: National Association of Realtors Existing-home sales in the United States fell in February, with prices impacting the ability of prospective buyers to make acquisitions. XHB is down 0.65%, and ITB down 0.63%. Seasonally adjusted existing-home sales stood at 6.02 million in February, down 7.2% from the month earlier and 2.4% from the same month in the previous … [Read more...] about American Existing-Home Sales Slip by 7.2%
Eurozone, EU Open 2022 With Trade Deficits
Source: Eurostat The trade balance in both the eurozone and the European Union swung to a deficit in January, driven mainly by the higher imports of energy products during the month. EZU is down 2.14%, while VGK is down 1.12% premarket. The eurozone trade deficit was recorded at €27.2 billion, which reversed the €10.7-billion surplus in the same month last year.Exports of … [Read more...] about Eurozone, EU Open 2022 With Trade Deficits
Best 6 Crypto Coins Under 1 Cent to Buy Now
There are well-known coins in the crypto market, such as Ethereum, but there are also lesser-known coins available for less than $1 that offer just as much potential as investment options and blockchain projects in general. The potential of cryptocurrency is determined by a number of things. It could be the intrinsic worth of the underlying technology or investment, the … [Read more...] about Best 6 Crypto Coins Under 1 Cent to Buy Now
US Housing Starts Climb to Historic 1.769 Million in February
Source: US Census Bureau Housing starts in the United States posted a strong rebound in February, even as permits issued posted a contraction during the month. XHB is up 0.24%, while ITB is up 0.14%. Seasonally adjusted privately-owned housing starts stood at 1.769 million, up 6.8% from January’s 1.657 and 22.3% higher than February 2021’s 1.447 million.Single-family … [Read more...] about US Housing Starts Climb to Historic 1.769 Million in February
