US MBA Mortgage Applications (Apr/03) -0.8%
The latest MBA Mortgage Applications data shows a 0.8% decline, indicating continued softness in housing demand.
IRGC claims they attacked US oil facilities in Yanbu, Saudi Arabia last night, according to state media
Iran’s IRGC say they hit energy complexes and oil transfer lines linked to the US and Israel last night, state media reports
US MBA Mortgage Applications (Apr/03) -0.8%
Iran Shipping Secretary General says collecting tolls in the Strait of Hormuz is logical and enforceable, Tehran Times reports
EU Commission spokesperson says this energy crisis will not be short-lived
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This could suggest potential headwinds for the housing market, impacting economic growth expectations and possibly influencing future Fed policy on rates. Watch for any shifts in sentiment across fixed income and equities as this feeds into broader market dynamics.
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