Source: Bank of England Net mortgage lending slipped below £5.0 billion in February but remained above the average recorded in the 12 months before the COVID-19 pandemic. EWU is up 0.86% premarket. Net borrowing of mortgage debt stood at £4.7 billion in February, down from £5.9 billion recorded in the previous month.The latest reading compares with the £4.3-billion … [Read more...] about UK Mortgage Debt Net Borrowing Slips to £4.7 Billion
Forex News
Texas Factory Output Contracts in March
Source: Federal Reserve Bank of Dallas Factory activity in Texas contracted in March, as major index components saw a decline during the month. QQQ is up 0.10%. The production indicator stood at 13.2 in March, down by 1.3 points from 14.5 in February but higher than the 10.9 series average.New orders fell by 12.6 points to 10.5 from 23.1 in February, marking its lowest … [Read more...] about Texas Factory Output Contracts in March
US Trade Gap Narrows to $106.6 Billion in February
Source: US Census Bureau The United States’ trade gap narrowed in February, as exports grew at a faster pace than imports during the month. QQQ is up 0.63%. The international trade deficit stood at $106.6 billion, $1.0. billion or 0.9% lower than the $107.6-billion deficit recorded in the previous month.Exports climbed by $1.9 billion to $157.2 billion, while imports … [Read more...] about US Trade Gap Narrows to $106.6 Billion in February
Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
Source: Financial Times The Japanese yen plunged to its weakest level against the US dollar in seven years on Monday after its central bank offered to boost its bond-buying program. EWJ is down 1.74%. The yen depreciated by over 2% to reach ¥125 versus the dollar, with traders expecting more weakness.The currency has already dropped by over 7% so far this month, making … [Read more...] about Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
Pending Home Sales Fall For the Fourth Straight Month in February
Source: National Association of Realtors US pending home sales edged lower by 4.1% to an index of 104.9 in February, the fourth straight month that the contract signings have registered losses. SPY is up +0.45%, DXY is down -0.21%. Only the Northeast reported an increase in pending home sales in February, while the three other major regions of the US posted a … [Read more...] about Pending Home Sales Fall For the Fourth Straight Month in February
