US Building Permits MoM Final (Feb) M/M 11% (Prev. -4.7%)
The February report showing an 11% month-over-month increase in US building permits significantly reverses the previous decline of 4.7%.
US DoW Secretary Hegseth says Project Freedom is separate from Epic Fury, it is temporary; US aims to protect shipping from Iranian aggression. We are not looking for a fight, Iran is the clear aggressor
US BROKER MOVES: UFPI upgraded at BMO; RBLX downgraded at Piper Sandler
US Building Permits MoM Final (Feb) M/M 11% (Prev. -4.7%)
UK Government Spokesperson says Chancellor Reeves and US Treasury Secretary Bessent have a good relationship; had constructive talks since US visit
US embassy renews its call for its citizens to leave Iraq, Iranian-backed factions are planning to attack Americans in Iraq, via Al Hadath
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This strong rebound suggests improving sentiment in the construction sector, which could have positive implications for economic growth and potentially influence future monetary policy, particularly regarding interest rates.
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