Source: EIA Inventories of US commercial crude oil declined in the past week even as inputs and imports posted growth, according to data released by the Energy Information Administration. Commercial crude oil inventories for the week ending September 17 fell by 3.5 million barrels from the previous week to 414.0 million barrels. This is 8% below the five-year … [Read more...] about US Crude Oil Inventories Down Amid Growth in Refinery Inputs and Imports
Forex News
Existing-Home Sales Down in August as Buyers Await Additional Inventory
Source: National Association of Realtors Existing-home sales declined in August after two consecutive months of growth, even as median prices fell to a three-month low. VNQ is up 1.16% Total existing-home sales stood at a seasonally adjusted annual rate of 5.88 million in August, down 2.0% from 6 million the previous month and 1.5% from 5.970 million a year ago.The South … [Read more...] about Existing-Home Sales Down in August as Buyers Await Additional Inventory
Bank of America Trims China GDP Outlook On Deepening Evergrande Woes
Source: Reuters The Bank of America downgraded its growth forecast for China for the next three years due to growing issues of China Evergrande and other concerns such as the pandemic. 3333 is down 0.44%. China’s gross domestic product for this year was cut down to 8.0% from 8.3% previously, citing the impact of the Evergrande crisis and regulatory crackdowns.The Bank of … [Read more...] about Bank of America Trims China GDP Outlook On Deepening Evergrande Woes
Japan Central Bank Paints Gloomy Picture for Exports on Supply Constraints
Source: BOJ The Bank of Japan is now more downbeat on the country’s exports, given the ongoing supply issues. 3333 is down 0.44% The BoJ predicts exports and factory output to continue to climb but will be hit by supply constraints due to Asian factory shutdowns. It expected a steady increase in July.Governor Haruhiko Kuroda said uncertainties remain on how long the … [Read more...] about Japan Central Bank Paints Gloomy Picture for Exports on Supply Constraints
US Second-Quarter Deficit Widens to $190.3 Billion
Source: Bureau of Economic Analysis The United States deficit widened in the second quarter, as surpluses services and primary income were outweighed by the drop in secondary income. DXY is down 0.05%. The current account deficit stood at $190.3 billion in the second quarter, up by $0.9 billion or 0.5% from the $189.4 billion the previous quarter.The deficit is equivalent … [Read more...] about US Second-Quarter Deficit Widens to $190.3 Billion
