US Existing Home Sales (Feb) 4.09M vs. Exp. 3.89M (Prev. 4.02M, Rev. From 3.91M, Low. 3.83M, High. 4.15M)
US existing home sales for February came in stronger than expected at 4.09 million versus an estimate of 3.89 million, indicating a resilient housing market.
French Finance Minister Lescure has requested that the IEA work on potential scenarios for an oil stockpile release. Need to be prepared to act at any point.
Saba Capital’s Boaz Weinstein warns of private credit's "financial alchemy" and problems are multiplying by the quarter; predicts Cliffwater redemption rate of 10-20% and bullish on Ares, Apollo, and Blackstone stocks, CNBC reports
US Existing Home Sales (Feb) 4.09M vs. Exp. 3.89M (Prev. 4.02M, Rev. From 3.91M, Low. 3.83M, High. 4.15M)
US EQUITY OPEN: Indices contained as Middle East war ravages on, but last nights comment "it could end soon" dominates price action
Exxon Mobil (XOM) CEO says co. has evacuated non-essential employees from Middle East operations
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- Inventory of homes for sale 1.29mln units, 3.8 months' worth (prev. 3.7 months worth)
This positive surprise, along with an increase in inventory to 1.29 million units, suggests improving supply dynamics, which could influence future price trends and the broader economic outlook.
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