US Pending Home Sales MoM (Jan) M/M -0.8% vs. Exp. 1.3% (Prev. -7.4%, Rev. From -9.3%)
The unexpected decline in US pending home sales for January, coming in at -0.8% versus expectations of 1.3%, signals potential weakness in the housing market.
US EQUITY OPEN: Indices in the red as geopolitics remain in focus, as WMT earnings lift Staples
US President Trump says good talks are being held with Iran. Need to make a meaningful deal with Iran, otherwise something bad will happen.
US Pending Home Sales MoM (Jan) M/M -0.8% vs. Exp. 1.3% (Prev. -7.4%, Rev. From -9.3%)
NY Governor Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside NY City, Bloomberg reports
US President Trump tells world leaders that they cannot play 'cute' with him
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This miss against forecasts, coupled with a revised prior figure, may indicate dampening consumer confidence or heightened affordability issues. Such trends could have implications for overall economic growth and influence monetary policy considerations going forward.
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