US Building Permits Final (Jan) 1.386M (Prev. 1.455M)
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US Treasury Secretary Bessent says US is not attacking Iran's energy infrastructure; we have allowed Iran oil to continue out of the Gulf, via Fox Business Interview; US may unsanction Iranian oil on the water in the coming days
[MARKET UPDATE] Markets see a modest hawkish reaction (stocks, bonds, precious metals down) as another G10 central bank tilts more hawkish amid the energy shock from the Iranian war
US Building Permits Final (Jan) 1.386M (Prev. 1.455M)
Uber (UBER) to invest up to USD 1.25bln in Rivian (RIVN) through 2031, subject to achievement of autonomous performance milestones; Rivian R2 robotaxis to be exclusive to Uber in 25 cities
[WATCH LIVE] US Secretary of War Hegseth and Gen. Caine to hold a Press Briefing at the Pentagon
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Context
The January figure for US building permits came in significantly lower than the previous month's, indicating a slowdown in construction activity. This drop may signal a softening in the housing market, which could have implications for economic growth and monetary policy, particularly regarding future interest rate decisions.
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