Markets
Dow drops for a fourth straight day on U.S. default worries as debt ceiling talks stumble: Live updateshttps://t.co/pXQHZh48dJ
— Robert Kosiorek (@Robert_Kosiorek) May 24, 2023
Housing
MBA: Mortgage Applications Decreased in Weekly Surveyhttps://t.co/rzrRylwAr8 pic.twitter.com/psm515hBvX
— Bill McBride (@calculatedrisk) May 24, 2023
AIA: Architecture Billings Decreased in Aprilhttps://t.co/7ftc7v3UgK
— Bill McBride (@calculatedrisk) May 24, 2023
Note that multi-family billing turned down in July 2022 and has been negative for TEN consecutive months. … This suggests we will see a downturn in multi-family starts this year.
Monetary Policy
🇺🇸 #Fed Officials Lean Toward Pause in June, But Not Ready to Stop – Bloomberghttps://t.co/Bch5BalpOV
— Christophe Barraud🛢🐳 (@C_Barraud) May 25, 2023
Fed minutes from the May policy meeting signaled officials' concern about the partisan standoff over the debt limit https://t.co/ZB45xuNjFn
— Bloomberg (@business) May 24, 2023
FOMC Minutes: Staff Predicts Recession Starting in Q4; Future Monetary Policy "less certain"https://t.co/5nmhyriNyC
— Bill McBride (@calculatedrisk) May 24, 2023
GDP was projected to decelerate over the next two quarters before declining modestly in both the fourth quarter of this year and the first quarter of next year.
Fiscal Policy
Debt ceiling talks make progress, but House will leave town with no deal. https://t.co/R4xwcKKXTh
— CNBC (@CNBC) May 24, 2023
🇺🇸 US Credit Rating at Risk of Fitch Cut on #Debt-Limit Impasse – CNBChttps://t.co/XAMH1I9znL
— Christophe Barraud🛢🐳 (@C_Barraud) May 25, 2023
Trade, Politics and Geopolitics
DeSantis Joins Growing Republican Field: Breaking Down the Other Contenders https://t.co/HRNzZa5Kqk #business
— World News Guru (@worldnews_guru) May 25, 2023
Markets
Japan Stock Rally Hits Speed Bump On China Covid Wave Concerns – Nikkeihttps://t.co/2NxdNfwcFO
— LiveSquawk (@LiveSquawk) May 24, 2023
Monetary Policy
Traders Ramp Up Bets On Japan Inflation To Highest This Year _ BBGhttps://t.co/psefxsJqxG
— LiveSquawk (@LiveSquawk) May 25, 2023
China RRR Cut Gives Bigger Growth Boost Than Rate Move, BE Says – BBGhttps://t.co/cMovu1dO12
— LiveSquawk (@LiveSquawk) May 25, 2023
China's Interbank Repo Turnover Hits Record, Market Expects More Easing – RTRShttps://t.co/xW25dWRZTI
— LiveSquawk (@LiveSquawk) May 25, 2023
Trade, Politics and Geopolitics
The widening rift between the world’s two biggest economies, the US and China, now looks in some regards to be irreconcilable, according to Singapore Deputy Prime Minister Lawrence Wong https://t.co/ZhSDZofvbh
— Bloomberg Economics (@economics) May 25, 2023
Power Of Siberia: China Keeps Putin Waiting On Gas Pipeline – FThttps://t.co/5kwm8ayGfR
— LiveSquawk (@LiveSquawk) May 25, 2023
Chinese Companies Switch Auditors To Avoid US Delisting Risk – FThttps://t.co/g8kYrnEkGz
— LiveSquawk (@LiveSquawk) May 24, 2023
Economic Indicators and Prospects
Spanish PPI (M/M) Apr: -2.0% (prevR -2.5%)
— LiveSquawk (@LiveSquawk) May 25, 2023
– Spanish PPI (Y/Y) Apr: -4.5% (prevR -1.4%)
French Business Confidence May: 100 (est 101; prev 102)
— LiveSquawk (@LiveSquawk) May 25, 2023
– French Manufacturing Confidence May: 99 (est 101; prev 101)
– French Production Outlook Indicator May: -10 (est -5; prev -4)
– French Own-Company Production Outlook May: 4 (prev 5)
Monetary Policy
ECB Must Still Raise Interest-Rates More, Vasle Tells Delo – BBGhttps://t.co/0H7JlIKP4m
— LiveSquawk (@LiveSquawk) May 25, 2023
Fiscal Policy
Lindner says all German ministries must help close the budget gap https://t.co/fcLgncDkBY via @KowalczeKamil pic.twitter.com/pMveD7kIp6
— Zoe Schneeweiss (@ZSchneeweiss) May 24, 2023
Trade, Politics and Geopolitics
Spanish Voters Face ‘Strange Crisis’ Of High Employment And Rising Prices – FThttps://t.co/yDbY5GkpZ8
— LiveSquawk (@LiveSquawk) May 25, 2023
Russia’s Novak Sees No New Steps at June OPEC+ Meeting – Izvestia #OOTThttps://t.co/6eM6O2eV0q
— LiveSquawk (@LiveSquawk) May 25, 2023
⚠ #WeekAhead: Week 21 (2023) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) May 22, 2023
🇺🇸 Debt-Ceiling Angst
🇺🇸 #FOMC Minutes
🇬🇧 🇪🇺 🇺🇸 #BOE, #ECB and #FED Speakers
🌎 Preliminary PMIs
🇺🇸 U.S. Data
🇹🇷 #Turkey Returns To The Polls
…https://t.co/wBC9Fb3G2O
The Darkside of #AIhttps://t.co/nc0DSpvwhb
— fastreveal (@fastrevealnews) May 24, 2023