US Building Permits MoM Prel (Oct) M/M -0.2% vs. Exp. 0.7% (Prev. 6.4% )
The US Building Permits for October showed a preliminary month-over-month decline of 0.2%, significantly missing expectations of a 0.7% increase and down from the prior month's impressive growth of 6.4%.
Daily US Equity Opening News - WBD could reopen talks with PSKY; GM discloses Q4 charges; META signs deal with VST
Mantoverde's union says miners at Chile's mine have rejected the latest wage offer
US Building Permits MoM Prel (Oct) M/M -0.2% vs. Exp. 0.7% (Prev. 6.4% )
US Interior Secretary says Venezuela will help lower gasoline prices in the US
US Energy Secretary Wright says so far oil companies have no asked the admin for money; on whether US will take stakes, no talk about that yet
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This suggests a potential slowdown in housing market activity, which could weigh on economic growth forecasts and may lead to revisions in future rate expectations if this trend persists.
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