Source: S&P DJI US home prices grew at a record-high pace for the fourth-straight month in July, according to data released by the S&P Dow Jones Indices. XHB is down 1.29%. The S&P CoreLogic Case-Shiller US National Home Price NSA Index climbed by 19.7%, up from 18.7% the month earlier.The 10-Cut Composite annual increase stood at 19.1% from 18.5% a year ago, … [Read more...] about Home Prices Grow at Record-High Pace for Fourth-Straight Month
Forex News
OPEC Expects to Hit 107.9 Million Barrels a Day by 2035
Source: Bloomberg Oil demand is likely to grow until 2035 before it hits a plateau shortly after, according to the latest report of the Organization of Petroleum Exporting Countries (OPEC). Consumption is expected to hit over 100 million barrels a day in 2023 and continue to grow to 107.9 million barrels a day in 2035, little changed from the 2020 report.The prediction … [Read more...] about OPEC Expects to Hit 107.9 Million Barrels a Day by 2035
US Trade Deficit Hits $87.6 Billion in August
Source: US Census Bureau The United States trade deficit widened to nearly $87 billion in August, as imports grew at a faster pace than exports. DXY is up 0.37% The trade deficit climbed by $0.8 billion to $87.6 billion, up from $86.8 billion in July.Exports climbed $1.1 billion to $149.0 billion, while imports jumped $1.9 billion to $236.6 billion.Wholesale inventories … [Read more...] about US Trade Deficit Hits $87.6 Billion in August
China’s Industrial Profits Slowed to 10.1% in Aug. As Industries Gears up for Power Crisis
Source: National Bureau of Statistics of China Profit growth at China’s industrial firms relaxed for a sixth month as factories struggled to overcome high commodity prices, COVID-19 outbreaks, and part shortages. CSI 300 Index up +0.13%, CNY USD up +0.01% Industrial profits increased 10.1% year on year in August to 680.3 billion yuan ($105 billion) compared with a 16.4% … [Read more...] about China’s Industrial Profits Slowed to 10.1% in Aug. As Industries Gears up for Power Crisis
Texas Manufacturing Output Rebounds in September
Source: Federal Reserve Bank of Dallas Texas manufacturing conditions posted a rebound in September, with shipment and capacity utilization up while demand fell. The production index stood at 24.2, up from 20.8 in August and from the 23.5 recorded in September last year.The shipment index climbed to 18.7, and the capacity utilization index grew to 24.5, while the demand … [Read more...] about Texas Manufacturing Output Rebounds in September
