01:30 PM BST, United States - Building Permits for May:
- actual -2.0% MoM; previous -4.0% MoM;
- actual 1.393M; forecast 1.420M; previous 1.422M;
01:30 PM BST, United States - Housing Starts for May:
- actual -9.8% MoM; previous 2.7% MoM;
- actual 1.256M; forecast 1.350M; previous 1.392M;
01:30 PM BST, United States - Employment Data:
- Initial Jobless Claims: actual 245K; forecast 246K; previous 250K;
- Jobless Claims 4-Week Avg.: actual 245.50K; previous 240.75K;
- Continuing Jobless Claims: actual 1,945K; forecast 1,940K; previous 1,951K;
The US housing market remains weak, with housing starts at their lowest since 2020 and permits below expectations. Despite lower mortgage rates, demand hasn’t improved, and homebuilder sentiment is near crisis-era lows.
Daily Summary - Markets Await Trump's Address
BREAKING: Another big increase of oil inventories despite Middle East disruption
BREAKING: ISM shows that expansion continues but inflationary pressures surge
BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!