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US new home sales fall in December; inventory declines
WASHINGTON, Feb 20 (Reuters) - Sales of new U.S. single-family homes fell in December, but builders made progress in reducing an inventory bloat, potentially allowing them to break ground on more new housing projects.New home sales dropped 1.7% to a seasonally adjusted annualized rate of 745,000 uni...Reuters
Fri, Feb 20
Trump nodded to low GDP numbers in social post ahead of public release, blaming shutdown
Trump blames Democrats for drag on GDP due to government shutdownFederal spending drop largest since 1970s, impacting GDPWhite House highlights strong private sector growth despite GDP declineBy Howard SchneiderWASHINGTON, Feb 20 (Reuters) - President Donald Trump seemingly flagged a disappointing ...Reuters
Fri, Feb 20
Traders briefly boost bets that Fed delays rate cut until July
Feb 20 (Reuters) - Traders of short-term interest-rate futures briefly bet the Federal Reserve would wait until July to reduce the U.S. policy rate after the Supreme Court ruled against Trump's global tariffs, but financial markets quickly reverted to their previous pricing that continues to fav...Reuters
Fri, Feb 20
US S&P Manufacturing PMI declines to 51.2 in February, Services PMI retreats to 52.3
Business activity in the US private sector expanded at a slightly softer pace in February than in January, with the S&P Global's preliminary Composite Purchasing Managers' Index (PMI) edging lower to 52.3 from 53.Fxstreet
Fri, Feb 20
US business activity growth slows in February, S&P Global says
Feb 20 (Reuters) - U.S. business activity expanded in February at the slowest rate in 10 months as orders receded at factories, new business growth slackened for services firms and employment growth stalled across the board, a survey showed on Friday. S&P Global said its flash U.S. Composite...Reuters
Fri, Feb 20
Euro area: PMI recovery supports moderate growth – Commerzbank
Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI rose to 51.9 in February, recovering about half of its recent decline and remaining in a range historically consistent with moderate growth. Sentiment improved particularly in manufacturing, while services edged higher.Fxstreet
Fri, Feb 20
US headline PCE rose 2.9% YoY in December
According to the US Department of Commerce, headline Personal Consumption Expenditures (PCE) inflation came in at 2.9% YoY in December. Core PCE, which strips out food and energy costs, ran a touch firmer at 3.0% YoY, suggesting underlying price pressures are still proving a bit sticky.Fxstreet
Fri, Feb 20
Canada December retail sales down 0.4%; seen up 1.5% in January
OTTAWA, Feb 20 (Reuters) - Canadian retail sales decreased by 0.4% in December to C$70 billion ($51.14 billion) on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.Sales were down in three of the nine subsectors with the building materials ...Reuters
Fri, Feb 20
German finance minister calls talk of ECB president succession 'speculation'
FRANKFURT, Feb 20 (Reuters) - German Finance Minister Lars Klingbeil said on Friday that discussion of the term length of ECB President Christine Lagarde was "speculation", but that when it came time to find a successor, Germany would participate actively. "It is also clear that when...Reuters
Fri, Feb 20
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3688 to the greenback, or 73.06 U.S. cents, after trading in a range of 1.368 to 1.3702.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Fri, Feb 20
