U.S. bond traders are preparing for a turbulent week. The U.S. jobs report, due out Wednesday, could push 10-year Treasury yields higher toward the 4% level that market watchers expect to lure investors into the Treasury market. On June 29, the U.S. Treasury market saw an upward revision to the confirmed value of U.S. real … Read more
The China-Driven Metals ‘Super Cycle’ Is Over, Jefferies Says In a recent note, Jeffries, a global investment banking firm, has stated that the days when China fueled demand for metals like copper, aluminum, and iron ore are over. Analysts led by Christopher Rafemina believe that long-term demand will now be dominated by the United States … Read more
Title: Infonavit Launches Mujer Infonavit Program to Empower Women in Accessing Mortgage Loans Date: June 20, 2023 Infonavit, the Mexican Institute of the National Housing Fund for Workers, has announced the launch of its new program called Mujer Infonavit. This initiative aims to promote mortgage loans specifically designed to empower women and address the structural … Read more
Title: Florida’s Housing Market Sees Cooling Trend After Pandemic Boom Introduction: Florida’s housing market, which experienced a frenzy during the coronavirus pandemic, is now showing signs of cooling off. The state’s single-family home prices have remained flat year-over-year for the first time since 2011, following a significant rise of nearly 50% over the past three … Read more
In the United States, the consumer price index (CPI) for May will be released on the 13th. The central bank’s CPI is expected to signal that underlying price pressures remain persistent, even as the Fed uses different inflation measures to target the 2% target. The core index, which excludes volatile food and energy, is expected … Read more
Last week, U.S. unemployment claims rose to their highest level since October 2021. It suggests that the increasing number of corporate layoff announcements may have started to lead to actual job cuts. Key Point Initial jobless claims for the week ending June 3 increased by 28,000 from the previous week to 261,000 The increase from … Read more
Acquiring a home has become one of the priorities for this new generation of young people June 07, 2023 4:23 p.m. MEXICO-. At present, acquiring their own home has become one of the main objectives of many people. However, the high cost of property and the lack of financial resources can make it difficult to … Read more
Three years of inflows to stocks have stopped. A report by Bank of America (BofA) showed on the 26th. EPFR Global data cited by strategist Michael Hartnett showed that investors were pulling money out of equities and into money market funds (MMFs) and bonds. Stocks saw an outflow of $3.9 billion in the week ending … Read more
An index of U.S. business activity rose unexpectedly in May to the highest level in nearly a year. Firm demand in the service sector contributed. The outlook for the future of the economy has also become brighter. S&P Global’s preliminary reading of the Composite Purchasing Managers Index (PMI) for the combined US manufacturing and service … Read more
With the S&P 500 nearing a chart milestone after a seven-month rally in U.S. stocks, some previously bearish investors are showing signs of conceding defeat. Both bullish and bearish equity hedge funds bought U.S. stocks for the second week in a row, their biggest purchase since October, according to data compiled by Goldman Sachs Group … Read more