Source: Halifax UK house prices grew at the fastest annual rate since before the global financial crisis in 2007. FTSE 100 down -1.75%, GBP USD down -0.54% The mortgage lender Halifax stated that the average value of homes rose by 10.8% YoY for an 8th consecutive month to a record £278,123 in February.Halifax cautioned that growth might slow in the upcoming months, with … [Read more...] about UK House-Price Growth Hits 15-Year Record-High, £278,123
China’s Exports Beats Estimates in Jan-Feb but Data Show Slowdowns
Source: National Bureau of Statistics China’s exports in the January to February period increased by 16.3%, beating estimates of a 15.0% rise. The exports were below a gain of 20.9% in December. CSI 300 is down -3.19%, USDCNY is up +0.02%. China’s imports rose by 15.5% in the first two months of the year, below a gain of 19.5% in December, missing the expected 16.5% … [Read more...] about China’s Exports Beats Estimates in Jan-Feb but Data Show Slowdowns
US Wholesale Inventories Rise by 0.8% in January
Source: Census Bureau The US recorded total inventories of merchant wholesalers of $799.9 billion in January, up by 0.8% from the previous month. SPY is down -0.73%, DXY is down -0.12%. Compared to January 2021, the total inventories were up by 18.1%.The gain happens slower compared to sales of merchant wholesalers, which ticked higher by 4.0% in January from December to … [Read more...] about US Wholesale Inventories Rise by 0.8% in January
US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Source: Bureau of Economic Analysis The US goods and services deficit was posted at a record $89.7 billion in January, up by $7.7 billion from December. SPY is down -0.037%, DXY is down -0.28%. The rise in trade deficit reflected a 1.2% gain in imports, which reached $314.1 billion against a 1.7% decline in exports which hit $224.4 billion.The January trade balance … [Read more...] about US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Layer 2 Cryptocurrencies: What Are They and Examples
Blockchain projects have come a long way in the past decade or so. Today, all cryptocurrencies are valued at over $2 trillion, and analysts expect that this growth will continue in the next few years. At the same time, other industries like metaverse, non-fungible tokens, NFT, and decentralized finance (DeFi) have come up. As a result, there is a constant need for more … [Read more...] about Layer 2 Cryptocurrencies: What Are They and Examples
