US new homes sales for April came in 634 k vs 678 k exp. and 693 k previously (revised to 665 k) (-4.7% vs -2.2% exp. and 8.8% previously)
Reading shows that higher interest rates in US trim demand for new homes significantly. Despite on that market push back the timing of the first Fed rate cut to December from November, as US PMI came in much higher, than expected especially in Services.
BREAKING: NY Empire Index much lower than expected! 📉
BREAKING: Mixed Inflation in Canada↔️USDCAD muted
Economic calendar: Industrial production in the EU, inflation in Canada (15.12.2025)
BREAKING: Swiss PPI deflation eases on yearly basis🇨🇭 CHF stable