U.S. Homebuilder Confidence Improves Much More Than Expected In June

Suggesting housing is well positioned to lead a post-pandemic economic recovery, the National Association of Home Builders released a report on Tuesday showing a continued rebound in U.S. homebuilder confidence in the month of June.Original Article Read More →

Powell Warns Of ‘Significant Uncertainty’ About Timing, Strength Of Recovery

Federal Reserve Chair Jerome Powell acknowledged recent signs of improvement in the economy during congressional testimony on Tuesday but cautioned that "significant uncertainty remains about the timing and strength of the recovery."Original Article Read More →

Dollar Stays Firm Against Peers On Strong Retail Sales Data

The U.S. dollar was firm against most major currencies on Tuesday with stronger than expected retail sales data, and its safe haven appeal after the Federal Reserve chairman's comments that there is significant uncertainty about the pace of recovery supporting Read More →

New Zealand Q1 Current Account Deficit NZ$1.56 Billion

New Zealand posted a seasonally adjusted current account deficit of NZ$1.56 billion in the first quarter of 2020, Statistics New Zealand said on Wednesday.Original Article Read More →

UK Inflation At 4-Year Low

UK inflation eased to a four-year low in May largely driven by lower costs for petrol and recreational and cultural goods, adding pressure on the central bank to ease monetary policy further. Consumer price inflation eased to 0.5 percent in Read More →

U.S. Housing Starts Jump 4.3% In May But Miss Estimates

New residential construction in the U.S. showed a notable rebound in the month of May, according to a report released by the Commerce Department on Wednesday, although housing starts still came in well below economist estimates. The report said housing Read More →