- US Home Sales: 4.07M vs. 4.15M expected and 4.16M previously
- Home Sales YoY: -2.2% vs. -0.24 $exp and -3.3% prior
- Richmond Fed: -7 vs. -10 expected and -9 previous
Existing home sales in the United States hit a six-month low in July, as homeowners were reluctant to buy property due to rising new mortgage costs. Although low inventories pushed prices higher for the first time since January, sales fell 2.2% to 4.07 million units, the lowest level since January. The figure was slightly lower than economists’ forecast of 4.15 million units.
The US manufacturing sector continues to suffer. The Richmond Fed manufacturing index, the next regional indicator, is pointing negatively in August.
This material is marketing communications within the meaning of the material. 24, Paragraph 3 of Directive 2014/65/EU of the European Parliament and of the Council, of 15 May 2014, in relation to markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). The marketing communications are not an investment recommendation or information that recommends or suggests an investment strategy within the meaning of Regulation (EU) N. 596/2014 of the European Parliament and of the Council, of 16 April 2014, in relation to market abuse (regulation of market abuse) repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72 / EC and Regulation Delegated by the Commission (EU) 2016/958, of March 9, 2016, which supplements the Regulation EU) n. No. 596/2014 of the European Parliament and of the Council in relation to regulatory technical standards for technical provisions for the objective presentation of investment recommendations or other information recommending or proposing an investment strategy and for the disclosure of particular interests, indications of conflicts of interest, interest or any other advice, including in the scope of Investment advice, pursuant to the Securities Act of July 29, 2005 (eg, Journal of Laws 2019, Section 875, as amended). The marketing communication is prepared with the utmost care and objectivity, and presents the facts known to the author at the date of its preparation, and is devoid of evaluation elements. Marketing communications are prepared without taking into account the client’s needs and individual financial situation and do not present any investment strategy in any way. Marketing communications do not constitute an offer to sell, offer, subscription, solicitation to buy, advertisement or promotion of financial instruments. XTB SA is not liable for any acts or omissions on the part of the Client, particularly in connection with the acquisition or disposal of financial instruments. XTB accepts no liability for any loss or damage, including without limitation, any losses that may arise directly or indirectly, incurred on the basis of the information contained in these marketing communications. In the event that marketing communications contain information about any results related to the financial instruments described therein, this does not constitute any guarantee or forecast regarding future results. Past performance is not necessarily a guide to future results, and anyone acting on such information does so at their own risk.
“Prone to fits of apathy. Introvert. Award-winning internet evangelist. Extreme beer expert.”