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US housing starts for March from the Census Bureau Prior month report Housing starts prior month 1162K revised to 1142K Housing starts -0.3% vs 5.4% exp 6- month average 1189K Building permits 1269K vs 1300K exp Building permits prior 1291K unrevised at 1291K Permits -1.7% vs 0.7% exp Midwest starts fell -17.6% West rose 31.4% Single
The Politburo of China’s Communist Party reviewed the economy and made arrangements on economic work earlier today China is facing economic downward pressure Sees improvement in market confidence Says China is to stick to structural leverage cut Laments that downward economic pressure is structural in nature The meeting was chaired by China president Xi Jinping
Via Bloomberg This is an interesting post that came up on Bloomberg recently based on the relationship between the S&P 500 and US jobless claims. The post was written in response to the people who say that the US economic recovery is a myth and that what you actually have is a Fed-inflated bubble (that
According to sources and documents reviewed by Reuters, the Venezuelan President Maduro is sifting cashflow from Venezuelan oil sales through Russian state energy giant Rosneft. Maduro seeks to evade the US sanctions designed to oust him from power “The sources said some of the money was flowing via Russian-Venezuelan bank Evrofinance Mosnarbank, which was placed
Services and manufacturing surveys from Markit for April 2019 Prior was 55.3 Manufacturing 52.4 vs 52.8 expected Prior manufacturing 52.4 Composite 52.8 vs 54.6 prior The services number is a disappointment and the lowest since March 2017 while manufacturing is close to expectations. USD/JPY has ticked a bit lower on the headlines, down to 111.88