US Housing Starts decline 3.1% in October, Building Permits fall 0.6%
Source Fxstreet
- Housing Starts and Building Permits in the US declined further in October.
- The US Dollar Index stays in daily range above 106.00.
Housing Starts in the US declined 3.1% in October to 1.311 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 1.9% decrease (revised from -0.5%) recorded in September.
In the same period, Building Permits decreased 0.6% after falling 3.1% (revised from -2.9%) in September.
Market reaction
The US Dollar Index edged lower following these data and was last seen trading virtually unchanged on the day at around 106.20.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Electric vehicle maker Rivian Automotive (NASDAQ:RIVN) saw its stock rise 3% despite reporting third quarter revenue that fell short of analyst expectations.
Bitcoin is soaring again. The cryptocurrency's price recently passed $90,000 to a new all-time high. It's up by close to 1,000% in the last five years. That has to make MicroStrategy (NASDAQ: MSTR) and its ex-CEO, Michael Saylor, happy.
Microstrategy outperforms Warren Buffet’s Berkshire Hathaway by the largest margin since the dot-com bubbleMichael Saylor’s Microstrategy is outperforming Warren Buffet’s Berkshire Hathaway by the largest margin. The software company has surged by 2,295.74% since August, when it first bought its Bitcoin holdings, while Berkshire Hathaway has surged by 36.02% in the same duration.
Michael Saylor’s Microstrategy is outperforming Warren Buffet’s Berkshire Hathaway by the largest margin. The software company has surged by 2,295.74% since August, when it first bought its Bitcoin holdings, while Berkshire Hathaway has surged by 36.02% in the same duration.
Insights – This week, Bank of Japan Governor Kazuo Ueda mentioned Japan’s moderate economic recovery and hinted at further rate hikes if trends align with expectations.
