US New Home Sales (Mar) 682 vs. Exp. 0.668
The US new home sales figure for March came in at 682k, slightly above expectations of 668k.
Suzano and Kimberly-Clark (KMB) are set to secure unconditional EU antitrust approval for a USD 3.4bln JV, according to sources
US RCM/TIPP Economic Optimism Index (May) 42.6 vs. Exp. 42 (Prev. 42.8)
US New Home Sales (Mar) 682 vs. Exp. 0.668
US EQUITY OPEN: Indices extend higher as Tech names gain with US data due imminently
Fire breaks out in shopping centre west of Tehran, IRNA reports
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This beat suggests stronger demand in the housing market, which could support a bullish outlook for economic growth and reinforce the narrative for potential rate hikes. Markets may react by pricing in a tighter monetary policy path given the stronger-than-expected data.
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