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US MBA mortgage applications w.e. 8 December +7.4% vs +2.8% prior
<ul><li>Prior +2.8%</li><li>Market index 194.5 vs 181.1 prior</li><li>Purchase index 149.6 vs 144.5 prior</li><li>Refinance index 445.8 vs 373.3 prior</li><li>30-year mortgage rate 7.07% vs 7.17% prior</li></ul><p>As rates continue to fall lower, mortgage applications mov
Germany's Scholz says to stick with debt brake for 2024 budget
<p>As a reminder, the debt brake serves to cap spending by the government and limits the country's structural budget deficit. Scholz says that should the Ukraine conflict become worse, the government will have to respond by looking to declare an emergency exception for the budget – which will see the debt brake suspended as it [&he
A more straightforward one for the SNB tomorrow?
<p>The SNB will also be part of the mix and while not many are talking about the Swiss central bank, they are one of the few ones to have really surprised markets over the last two years. The latest one was to hold its policy rate unchanged at 1.75% in September <a href="https://www.forexlive.com/centralbank/snb-leaves-policy-rate-unc
Eurozone October industrial production -0.7% vs -0.3% m/m expected
<ul><li>Prior -1.1%; revised to -1.0%</li></ul><p>Euro area industrial output slumps by more than expected to start Q4, reaffirming the ongoing recession in the manufacturing sector. Here's the breakdown:</p> This article was written by Justin Low at www.forexlive.com.
The Parallel Reality of Statistics
<p dir="ltr">Statisticians took a page out of Marvel's book and decided to create their multiverse, constantly showing an alternate reality of the current state of the economy.</p><p dir="ltr">And it is happening not only in emerging markets but also in developed economies, including the U.S., which deters
Japan at a critical stage on whether it can emerge from deflationary mindset, says Kishida
<ul><li>Government will take policy steps to help achieve wage growth that exceeds rate of inflation next year</li><li>Still making preparations for Cabinet changes, will finalise decision and announce it tomorrow</li></ul><p>If you hadn't known, Japan has been caught up in a political fundraising scan
China November M2 money supply +10.0% vs +10.1% y/y expected
<ul><li>Prior +10.3%</li><li>New yuan loans ¥1.09 trillion vs ¥1.30 trillion expected</li><li>Prior ¥0.74 billion</li></ul><p>Bank loans in China inched higher in November but is a miss on estimates, as authorities continue to maintain a more accommodative policy in bolstering the economy. The y
Fed could struggle in convincing markets at today's meeting – TD
<p>The firm argues that the Fed will want to at least try and maintain a more hawkish hold but "may struggle to send a sufficiently hawkish message" to markets. TD says that a softer guidance in acknowledging a slowdown in the economy while conveying a lesser bias towards tightening further will not help the Fed's […]
Finance Magnates Announces Lineup of Premium Events for 2024
<p dir="ltr">Finance Magnates Events is thrilled to announce a series of highly-anticipated premiumevents set to captivate the financial industry in 2024. These gatherings promise unparalleled opportunities for networking, knowledge sharing, and industry advancement. Mark your calendars and prepare for three exceptional events that