EUR/USD
1.18891
0.152%
Gold
5066.25
-0.355%
Oil
63.337
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USD/JPY
152.594
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GBP/USD
1.36550
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GBP/JPY
208.372
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Real-time News
U.S. Senate Democrat Cantwell: El Paso airport exposes real problems in coordination between the U.S. Department of Defense and the Federal Aviation Administration.The chairman of the U.S. Federal Trade Commission (FTC) issued a warning letter to Apple (AAPL.O) CEO Tim Cook.U.S. EIA natural gas inventories for the week ending February 6 were -249 billion cubic feet, compared to an expected -257 billion cubic feet and a previous -360 billion cubic feet.According to the Financial Times, the BBC plans to cut hundreds of millions of pounds in costs in its latest restructuring plan.February 12th - Data released Thursday by the National Association of Realtors (NAR) showed that U.S. pending home sales fell to an annualized rate of 3.91 million units in January, a decrease of 8.4% month-over-month, marking the largest monthly drop since April 2022 and far below the market median expectation. The blizzards and snow that swept across much of the country in late January likely delayed a large number of contract settlements. In the hardest-hit South—the largest home sales market in the U.S.—sales plummeted 9% to an annualized rate of 1.81 million units; sales in other parts of the country also declined significantly. "Lower-than-usual temperatures and higher-than-usual precipitation in January made it more difficult than usual to determine the underlying drivers of the sales decline and whether this months data is an outlier," said Lawrence Yin, chief economist at the NAR, in a statement. With mortgage rates recently falling and home price increases slowing, signs of improved affordability are becoming a bright spot in the housing market. The NAR Housing Affordability Index climbed to its highest level since 2022 last month, but remains well below pre-pandemic levels. Without sustained improvements in affordability, the housing market recovery may be a long and arduous process.
