A soft US inflation print and further signs of deflation across parts of Asia weighed on the US dollar heading into the weekend, with investors fairly certain that the Fed’s terminal rate will peak at 5.25% with an outside chance of a pause at the next FOMC meeting. This week’s key data points include global flash PMI reports, which will show if price pressures are continuing to recede and if growth potential will be as soft as feared. The ZEW sentiment reports for Europe and Germany always warrant a look. Furthermore, we also have inflation reports for the eurozone, UK, Canada and New Zealand, alongside the release of the RBA minutes.
/PRNewswire/ The global Dairy Processing Equipment Market Size is expected to grow at 6.2% CAGR from 2023 to 2029. It is expected to reach above USD 15.53.
The last two weeks of December are unlike almost any time of year in terms of market movement and what we should read into it, but there were several housing-related reports that are worth considering as we head into the new year. The National Association of Homebuilders (NAHB) published its builder confidence numbers on Monday.  Overall confidence (aka "headline") dropped for the 12th straight month to nearly the lowest level in more than a decade.  There was a small glimmer of hope in the 6-month outlook which moved higher from last month and rose above headline confidence index for the first time all year.  The more we see developments like this in the data, the more it would speak to a bottoming-out process for housing market weakness. Other housing-related data conveyed mixed signals as well.  A day later, the government's New Residential Construction report showed a resilie
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There aren't many ways to make the Census Bureau's New Residential Construction report exciting, and there are zero ways to frame it in a positive light (unless you want the old "it can only go down for so long before it comes back up").  So let's just get through this and try to pluck out one or two interesting tidbits. First off, if we're just looking at the two main headlines in the data (housing starts and building permits) in the context of the past 10 years, things actually could be quite a bit worse. Sure, there's been a massive contraction from the peak, but the peak was driven by ravenous, temporary demand. It's no mystery that housing-related metrics have suffered in an environment dominated by the fastest rate spike in 40 years to the highest levels in 20 years.  But not every housing metric is suffering.  Take "units under construction" for instance