Source: Eurostat Annual economic growth in both the Euro area and the European Union slowed in the third quarter of the year, according to preliminary flash estimates. IEV is down 0.53%. Seasonally annual adjusted GDP increased by 3.7% in the Euro area from 14.2% the previous quarter, and to 3.9% in the EU from 13.7%.Monthly economic growth increased by 2.1% in the EU, up … [Read more...] about Eurozone, EU Economic Growth Slow Down in Q3
Forex News
US Mortgage Rates Climb to the Highest Level in Nearly Seven Months
Source: Bloomberg Mortgage rates in the United States continued to climb to hit the highest level in nearly seven months. XHB is up 1.80%. Rates have climbed along with the yields for treasuries, with the 30-year average up to 3.14%. This is the highest level since April 1.The latest increase will bring the monthly payment on a $300,000 mortgage to $1,288, up from $1,209 … [Read more...] about US Mortgage Rates Climb to the Highest Level in Nearly Seven Months
US Pending Home Sales Down 2.3% in September
Source: National Association of Realtors Pending Home Sales in the United States retreated in September, as some prospective buyers have paused their plans until next year. XHB is up 1.78%. The Pending Home Sales Index stood at 116.7 in September, down by 2.3% from August’s 119.4 and 8.0% lower than the 126.9 in September 2020.The month-on-month decline was the biggest in … [Read more...] about US Pending Home Sales Down 2.3% in September
US Jobless Claims Hit Pandemic-Low for Third Straight Week
Source: Department of Labor American unemployment claims fell further to mark the lowest level since the COVID-19 pandemic hit for the third straight week. Seasonally adjusted initial claims for the week ending October 23 fell by 10,000 to 281,000 from 291,000 the previous week.The latest reading is the lowest for initial claims since March 14, 2020, when the level stood … [Read more...] about US Jobless Claims Hit Pandemic-Low for Third Straight Week
US GDP Growth Cools to 2.0% on Lower Personal Spending
Source: Bureau of Economic Analysis American economic growth slowed to its lowest level in five quarters during the July to September period, dragged mainly by personal spending. The real gross domestic product grew by 2.0% in the third quarter, following the 6.7% the previous quarter.The latest reading is the slowest since GDP slipped into negative territory in the … [Read more...] about US GDP Growth Cools to 2.0% on Lower Personal Spending
