US Jobless Claims Fell by a Marginal 2,000 Last Week
Source: Department of Labor US jobless claims totaled 184,000 in the week ending April 16, down by 2,000 from the previous week. SPY is up +0.78%, DXY is down -0.08%.…
US Manufacturing Activity Weakens by 10 Points in April
(Philadelphia Fed) The diffusion index, gauging the current general activity in manufacturing in the US, fell by 10 points to 17.6, erasing most of the gains it made in March.…
EIA Reports 8.0M Decline in US Crude Inventories
(EIA) The total crude oil stockpiles in the US was at an average of 413.7 million barrels in the week that ended April 15, down by 8.0 million barrels from…
Existing Home Sales Fall for the Second-Consecutive Month in March
(NAR) The existing home sales in the US fell by 2.7% in March from February to a seasonally adjusted annual rate of 5.77 million. The fall in existing house sales…
US Mortgage Demand Falls as Rates Hit 5.2%, the Highest in 12 Years
(Reuters) The average rate on the US 30-day mortgage rose to 5.20% in the week that ended April 15, an uptick from 5.13% the prior week. The continued rise in…
US Building Authorizations Surge in March Amid Rising Mortgage Costs
(Census Bureau) Total authorizations of privately-owned house units in the US were at an annual rate of 1.873 million in March, up by 0.4% from February. Following the March gains,…
US Builder Confidence Goes Lower Again in April as Rates Soar
(NAHB) The builder confidence in the US for newly constructed single-family homes plunged by two points to 77 in April. The decline was the fourth time in a row. The…
US Mortgage Rises Hits 5%, the Highest in More Than a Decade
(WSJ) US mortgage rate for the 30-year loan is estimated at 5%, up from 4.72% last week and the highest since early 2011. The rise in mortgages happens after remaining…
US Jobless Claims Rose by 18,000 Last Week
(Department of Labor) The US reported a total of 185,000 jobless claims in the week that ended April 9, up by 18,000 from the previous week. On a four-week moving…
EIA Reports a 9.4M Surge in US Crude Oil Inventories
(EIA) US stockpiles of crude inventories were 421.8 million barrels in the week that ended April 8, an increase of 9.4 million barrels from the previous week. The rising inventories…
US Defense Department Seeks to Meet Top Arm Makers for Further Aid to Ukraine
(FT) The Pentagon is expected to host a meeting on Wednesday with eight largest defense contractors in the US for more weapons to Ukraine soldiers battling Russian invasion. Some of…
US Inflation Accelerates in March to an Annual 41-Year Record of 8.5%
(BLS) US inflation rose by a higher 1.2% in March, after rising another 0.8% in February on the back of escalating energy prices. Following the higher monthly increases, the US…