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Monthly archive October, 2023

U.S. Pending Home Sales Unexpectedly Rebound In September

The National Association of Realtors released a report on Thursday showing an unexpected rebound in pending home sales in the U.S. in the month of September. NAR said its pending home sales index jumped by 1.1 percent to 72.6 in Read More →

South Korea GDP Expands 0.6% On Quarter In Q3

South Korea's gross domestic product gained a seasonally adjusted 0.6 percent on quarter in the third quarter of 2023, Statistics Korea said in Thursday's advance estimate.Original Article Read More →

German Business Confidence Brightens In October – Ifo

Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday. The ifo business climate index rose Read More →

Past Week Saw Yield Spike Weakening The Dollar

The week spanning October 16 to 20 saw the U.S. Dollar rebound fizzle as bond yields surged to levels last seen in 2007.Original Article Read More →

Powell Says Inflation ‘Still Too High,’ Warns Of Additional Tightening

Federal Reserve Chair Jerome Powell delivered highly anticipated remarks at an Economic Club of New York luncheon on Thursday, arguing that inflation is "still too high" and warning additional monetary policy tightening may be needed.Original Article Read More →

European Economic News Preview: Eurozone Consumer Confidence Data Due

Consumer sentiment survey data from the euro area and monthly report from Bundesbank are the only major economic reports due on Monday. At 6.00 am ET, Germany's central bank is scheduled to issue monthly report for October. At 8.00 am Read More →