US homebuilder sentiment dips to five-month low on affordability
Mortgage rates are near the lowest in more than a year, but still double the level that prevailed throughout much of 2021 HOMEBUILDERS’ confidence slipped again this month,…
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Oil prices surge 3% to five-month high on worries US could attack Iran
Oil prices climbed 3 per cent to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the US attacks Iran, one of Opec’s biggest crude…
US-China friction sends Asian currencies to five-month low
The risk-off sentiment has extended beyond currency markets, with regional stocks also slumping Asian currencies slipped to the weakest levels since May as renewed trade tensions between…
Trump tariff threat pushes oil to five-month low
Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat to impose increased tariffs on China cast a…
Eurozone inflation at five-month high will keep ECB on hold
Eurozone inflation probably jumped to a five-month high in September, a reading that may reinforce policymakers’ resolve to avoid cutting interest rates again for now. Consumer prices rose…
Europe: Shares close at five-month highs after Powell hints at September rate cut
European shares closed at their highest level in more than five months on Friday (Aug 22) after US Federal Reserve chair Jerome Powell pointed to a possible September interest rate cut in…
Europe: Stocks close at five-month highs as investors monitor progress on Ukraine
European shares closed at their highest level in more than five months on Tuesday (Aug 19) as investors assessed the chances of an end of the war in Ukraine, following Monday’s talks in…
Oil hits five-month high after US hits key Iranian nuclear sites
Oil prices jumped on Monday to their highest since January as the United States’ weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude…