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MARKET TRENDS: Consumer Sentiments Rises, Index at Five Month High
Posted on June 26, 2015

The U.S. economy is firming up with a series of positive economic numbers. The June Consumer Sentiment hit it a five-month high on Friday, following the solid Personal Income and Spending report on Thursday. The sharp rise in consumer sentiments was buoyed by a stronger job market and an improving wage rate. The University of [...]


MARKET TRENDS:Q1 GDP Wasn’t That Bad
Posted on June 25, 2015

The U.S. Gross Domestic Product (GDP) contracted lower than expected in 1Q15. Strong manufacturing, construction, and housing markets raised the final revision to the GDP growth estimate for Q1. The GDP contracted by -0.2% from the previous estimate of -0.7%, the Commerce Department said on Wednesday. This was in sharp contrast to an increase of[...]


MARKET TRENDS: Housing Upsurge Offsets Fall in Durable Goods Orders and Manufacturing
Posted on June 24, 2015

Following the strong report on nonfarm payroll and retail sales, both durable goods orders and manufacturing PMI disappointed the market in May. This is in addition to a drop in the Chicago Fed Manufacturing Index on Monday. However, a reviving housing market induces optimism in the strength of the U.S. economy going forward. The durable [...]


MARKET TRENDS: Existing Housing Sales Hits Fastest Growth in Nearly Six Years
Posted on June 23, 2015

Existing home sales, which includes the number of previously constructed homes, condominiums, and co-ops, rebounded in May. It grew at its fastest pace since November 2009 and marked the third straight month of annual home sales above 5 mn. Existing home sales accounts for a larger share of the market than new homes and is [...]


MARKET TRENDS: Summary for the Week Beginning June 22, 2015
Posted on June 22, 2015

A series of economic data is scheduled to be released this week, including reports on the Gross Domestic Product (GDP), housing, and Michigan's consumer sentiment. With the Fed contemplating the optimum time for a rate hike, which is data dependent, all data is significant to the decision. The housing market should get more good news [...]


National Consumer Credit Default Rates Reach New Lows in May 2015 According to the S&P/Experian Consumer Credit Default Indices
Posted on June 22, 2015

Four of the Five Cities Report Default Rate Decreases in May 2015 NEW YORK, June 16, 2015 /PRNewswire/ – Data through May 2015, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, continued its downward trend in default rates.[...]


MARKET TRENDS: Inflation Soft, Current Account Deficit Widens
Posted on June 19, 2015

Consumer prices posted the biggest gains in May over the last two years, triggered by a surge in oil prices. The Consumer Price Index (CPI), a measure of the price movement of goods and services bought for consumption, advanced 0.4% month-over-month (MoM) in May, the Department of Labor said on Thursday. The market had expected [...]


MARKET TRENDS: Fed Hike Likely in 2015
Posted on June 19, 2015

The U.S. Federal Reserve is on track to raise historically low interest rates on the back of an improving economy and after a winter setback. However, the Fed remains unsure of the second rate hike timing. It believes that the economy should be strong enough to support the rate hike by the end of 2015,[...]


MARKET TRENDS: U.S. Mortgage Applications Fall on Rising Interest Rates
Posted on June 17, 2015

Applications for U.S. home mortgages fell last week as interest rates rose to their highest levels since October 2014, an industry group said on Wednesday. Mortgage applications activity, which includes both refinancing and home purchase demand, decreased 5.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s Weekly Mortgage Applications Survey. [...]


MARKET TRENDS: Housing Starts Tumble, Permits Steady
Posted on June 16, 2015

Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]