Target raised its fourth-quarter forecast, predicting comparable sales could rise at between a high-single digit and low double-digit pace.
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US MBA mortgage applications w.e. 12 November -2.8% vs +5.5% prior
Latest data from the Mortgage Bankers Association for the week ending 12 November 2021
– +5.5%
– Market index 639.9 vs 658.1 prior
– Purchase index 282.5 vs 278.4 prior
The drop in the past week stems from a sharp fall in refinancing activity, offset slightly by an increase in purchases. The long-term mortgage rate is keeping higher near
– +5.5%
– Market index 639.9 vs 658.1 prior
– Purchase index 282.5 vs 278.4 prior
The drop in the past week stems from a sharp fall in refinancing activity, offset slightly by an increase in purchases. The long-term mortgage rate is keeping higher near
Merkel urges those not vaccinated against COVID-19 to get their first shot, saying it is not too late
Merkel labels the COVID-19 situation in Germany as dramatic
She’s not exactly wrong as the 7-day incidence rate has surged up to a whopping 343.9 in the past 24 hours with the number of active COVID-19 cases fast approaching the 500,000 mark across the country.
She’s not exactly wrong as the 7-day incidence rate has surged up to a whopping 343.9 in the past 24 hours with the number of active COVID-19 cases fast approaching the 500,000 mark across the country.
Greed is outpacing fear, says Goldman Sachs CEO
The global economy is facing a ‚complicated time‘, says Goldman Sachs CEO, David Solomon, in an event in Singapore
On the issue, he says that the unprecedented levels of stimulus by governments and central banks have led to exuberance in certain markets. Adding that:
On the issue, he says that the unprecedented levels of stimulus by governments and central banks have led to exuberance in certain markets. Adding that:
ECB’s de Guindos: Inflation expectations are still anchored
Remarks by ECB vice president, Luis de Guindos
here
The more dangerous risks associated with stagflation may not be a big threat now but persistently high inflation in itself is a problem that can’t be ignored.
here
The more dangerous risks associated with stagflation may not be a big threat now but persistently high inflation in itself is a problem that can’t be ignored.
Eurozone September construction output +0.9% vs -1.3% m/m prior
Latest data released by Eurostat – 17 November 2021
A lagging data point but shows a modest bounce in construction output towards the end of Q3 but comes after a steeper drop in August. Supply and capacity constraints will keep more pressure on this in the months ahead.
A lagging data point but shows a modest bounce in construction output towards the end of Q3 but comes after a steeper drop in August. Supply and capacity constraints will keep more pressure on this in the months ahead.