US December pending home sales +8.3% vs +1.5% expected

26/01/2024 | 15:00 GMT

US December housing data on pending home sales

Prior was 0.0% (revised to -0.3%)
Index 77.3 vs 71.6 prior

Are we in the early stages of a housing boom? Rates dipped a bit in December and home buyers rushed in. I think that's a tell about how many people are lurking and waiting to buy homes.

ADVERTISEMENT - CONTINUE READING BELOW

Most Popular

ADVERTISEMENT - CONTINUE READING BELOW

Telegram Community

Gain Access

Dow Transports +3.1%, SOX +3.18% lead gains; MIB -0.5%. Watch for sector rotation and valuation shifts.

Associated Press Finance

1m ago

Japan bond yields jumped after PM Takaichi pledged to suspend the food consumption tax, reviving fears of fiscal slippage. With elections looming and the BOJ stepping back, markets see limited tools to stabilise volatility.

investingLive Exclusive

3m ago

Trade war fears ease! Nasdaq +1.5%, S&P 500 erase losses. LRN +2.8%, JBL +2.5%, BHE +4%, KN +3.5%, CNXN +3%. Valuations look up.

StockStory

26m ago

IEA raised its oil demand growth forecast to 930k bpd but warned supply will continue to outpace consumption. With refinery maintenance nearing and inventories high, the agency sees surplus risks persisting despite December output declines.

investingLive Exclusive

28m ago

Software stocks battered by AI fears; investor sees rebound potential as AI unlocks enterprise needs. SOX up 12%, IGV down 10%.

Investopedia

29m ago

Stocks rally on Greenland deal & tariff rollback; yields dip. Energy +2.4%, Intel +12%, Moderna +16%. Bitcoin rebounds 1%.

Reuters

37m ago

ETH faces 62.5% odds of $2.5K dip; traders eye validator exit queue, down from 94 to 0, signaling long-term confidence.

decrypt

39m ago

Telegram Community

Gain Access

Must Read

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}