by Bloomberg.com | May 30, 2024 | alerts, Markets/Economy
Index slides 7.7% to 72.3, lowest reading since April 2020 Contract signings decrease in all US regions, led by Midwest A gauge of pending US existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season. An...
by Bloomberg.com | May 30, 2024 | alerts, Markets/Economy
Economy expanded at 1.3% pace versus initial estimate of 1.6% Consumer spending was lower on outlays for goods like autos The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods. Gross...
by Bloomberg.com | May 29, 2024 | alerts, Markets/Economy
Local soybean meal prices are hovering around three-year lows Heavy rains in South America could underpin soybean imports China is sending record quantities of soybean meal abroad, as a shrinking number of pigs and weak demand for pork force processors to export their...
by Bloomberg.com | May 29, 2024 | alerts, Markets/Economy
Strategy is buying Treasury bills to take advantage of yields US government borrowing also likely to pressure bonds: Miller A top-performing quant fund is shorting five- to 10-year US Treasuries on expectations that interest rates will stay on hold this year as prices...
by Bloomberg.com | May 28, 2024 | alerts, Markets/Economy
Seven of 12 economists see up to 0.3 ppt growth lift this year Analysts expect cut to reserve requirement ratio by end-June China’s most forceful attempt to shore up its beleaguered property market is expected to improve growth prospects modestly this year, according...
