US MBA mortgage applications w.e. 19 November +1.8% vs -2.8% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 19 November 2021
–  -2.8%
– Market index 651.3 vs 639.9 prior
– Purchase index 295.7 vs 282.5 prior
Despite a bump higher in the long-term mortgage rate to near the recent peak of 3.30%, purchase activity carried the jump in mortgage applications in the past week. Of

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German coalition to prioritise overcoming pandemic, calls it most important job 0 (0)

Reuters reports, citing senior officials familiar with talks between the parties
Expanding from the headline, the coalition is said to found a COVID-19-specific special taskforce in dealing with the pandemic. Just some details before the announcement, some time around 1400 GMT. This involves the ‚traffic light‘ coalition, as outlined earlier .

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UK November CBI trends total orders 26 vs 9 prior 0 (0)

Latest data released by CBI – 24 November 2021
CBI notes that:
On price expectations, CBI’s measure (which gauges price expectations in the next three months) jumped from 59 in October to 67 – the highest since May 1977. And that is reflective of global supply chain issues in light of strong demand conditions too.

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ECB’s Panetta: Downside risks to the economy may be growing 0 (0)

Remarks by ECB executive board member, Fabio Panetta
– Continued monetary stimulus is necessary
– Premature tightening of policy could turn supply shock into prolonged recession
Some light acknowledgment that economic conditions are facing stronger headwinds but the part of inflation is consistent with the messaging that policymakers have been maintaining for a while now i.e. that it

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