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U.S. new home sales rebounds in may, housing sector likely to see steady recovery
The U.S. new home sales recovered in May, coming in stronger than anticipated. The new home sales rose 2.9 percent sequentially to 610k, as compared with consensus expectations of 590k. Part of the miss relative to the expectation also came from the upward revisions to earlier data, noted Barclays in a research report. The rate of new home sales in April was upwardly revised to 593k, while March’s sales were upwardly revised by 2k to 644k. Region wise, the scenario looked mixed. Gains were concentrated in the South and West regions, whereas the other two regions recorded declines....
Commodities snapshot (energy)
Energy pack is up in today’s trading. Weekly performance at a...
EUR/USD up 0.50%
NetDania - GBP/USD gap to 1.26868
NetDania - EUR/USD gap to 1.11556
NetDania - New 1 month Low: XAU/USD
FxWirePro: pound’s respite likely to be short lived
A line of hawkish comments and actions from the Bank of England (BoE)...
FxWirePro: USD/JPY stuck in range but...
FxWirePro: USD/CAD consolidating around...
FxWirePro: USD/MXN shooting stars...
FxWirePro: USD/CHF forms bullish alt...
FxWirePro: GBP/JPY downside capped by...
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* German government does not envisage rise in net new borrowing until 2021 - draft document
* German government plans to increase annual spending by some 40 bln Euros to 356.8 bln Euros in...
* fitch on senate healthcare bill - smaller less diverse health insurers could be materially...
* Fitch says credit profiles of large diversified health insurers are unlikely to be significantly...
* Fitch says U.S. senate bill's 1-yr extension of current medicaid funding mechanism is modest...
* Fitch says inability of health insurers to divert from current community rating regulations under...
* Fitch on senate healthcare bill - senate's more generous tax credits are likely to be...
* Fitch on senate healthcare bill-effects of bcra, ahca would be more heavily felt by individual...
* Iceland Central Bank says estimates stock of offshore króna assets at about 88 bln icelandic...
* Bullard says FED more likely to look seriously at nominal GDP targeting rather than raising...
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