Source: National Association of Home Builders Builder sentiment fell for the fourth straight month in August to mark the lowest level in 13 months. The NAHB/Wells Fargo Housing Market Index fell to 75 in August. This is the lowest since July 2020’s 72.Regionally, the three-month moving average for the Northeast fell one point to 74, the Midwest down two points to 68, the … [Read more...] about Builder Sentiment Down for Fourth Straight Month in August. Lowest Since July 2020
Forex News
Industrial Production Slightly Up in July to Mark Fifth Straight Month of Growth
Source: Federal Reserve Industrial production posted a slight growth in July to mark the fifth straight month of expansion, but this was still not enough to hit pre-pandemic levels. Industrial production grew by 0.9% in July, faster than the 0.2% increase in June.The total index increased to 101.1 in July, up from 100.2 the previous month. This is still 0.2% below … [Read more...] about Industrial Production Slightly Up in July to Mark Fifth Straight Month of Growth
American Retail Sales Growth Falls to Negative in July
Source: US Census Bureau American retail sales posted a decline in July, marking a reversal from the rebound recorded in June, but remained higher than levels recorded in the previous year. Retail and food services sales stood at $617.7 billion in July, down 1.1% from the previous month but 15.8% up from July 2020.Retail trade sales fell 1.5% from June, but up 13.3% from … [Read more...] about American Retail Sales Growth Falls to Negative in July
EU, Euro Area GDP Rebound Over 13% in Second Quarter
Source: EuroStat The European Union and Euro area economy rebounded in the second quarter, following several quarters in negative territory. The Euro area gross domestic product climbed 13.6% year-on-year and 2.0% when compared with the first quarter.The European Union economy expanded 13.2% year-on-year and 1.9% quarter-on-quarter.The biggest annual growths were seen in … [Read more...] about EU, Euro Area GDP Rebound Over 13% in Second Quarter
India Exempts Foreign Sovereign Bonds from Regulatory Cap
Source: Bloomberg India’s central bank said foreign sovereign bonds are exempted from the restrictions imposed on holdings of securities unlisted in the country, caving into requests of local lenders. The Reserve Bank of India said foreign sovereign bonds are not included in the 10% cap on holdings of securities that are not listed in India.The RBI earlier this month … [Read more...] about India Exempts Foreign Sovereign Bonds from Regulatory Cap
