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23 Dec 2021

US: New Home Sales surge by 12.4% in November after October's sharp 8.4% decline

Following hefty 8.4% decline (which was downwardly revised from a 0.4% gain) in sales in October, New Home Sales in the US surged by 12.4% in November, data published by the US Commerce Department showed on Wednesday. 

Given the hefty downwards revision to the October figure and despite the solid 12.4% surge in sales in November, instead of rising to 770K, the number of New Home Sales over the past 12 months rose to just 744K in November. The number of New Home Sales over the past 12 months in October was revised lower to 662K from 745K.

Dec 23, 2021

US: UoM Consumer Sentiment Index rises to 70.6 (final) in December vs. 70.4 expected

The University of Michigan's (UoM) final estimate of the Consumer Sentiment Index came in at 70.6 in December, slightly above the flash estimate of 70
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Dec 23, 2021

EUR/USD to remain under pressure as energy price shock in Europe intensifies – MUFG

The encouraging news about the severity of the new Omicron strain has been partly offset in Europe by the further spike higher in energy prices over t
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