Japan's Coincident Index Final for January came in at 112.1, down from the previous 115.9. Singapore's Core CPI and CPI in February exceeded expectations, with core inflation rising to 3.6% year-on-year. Malaysia's February CPI increased by 1.8% year-on-year, surpassing forecasts. The Leading Economic Index Final for Japan in January was 109.5, slightly lower than the previous 110.5. Singapore's February core inflation rose to 3.6% year-on-year, the highest since July 2023.
๐ฆ๐บ Westpac Leading Index MoM (Feb) Actual: 0.1% Previous: -0.1% https://t.co/IWr1kuqT5B
Australian Westpac Leading Index (M/M) Feb: 0.08% (prev -0.08%)
AUSTRALIA (FEB) WESTPAC LEADING INDEX (MOM) ACTUAL: 0.08% VS -0.08% PREVIOUS
๐ฐ๐ท Business Confidence (Mar) Actual: 71 Previous: 70 https://t.co/U2p2RLAWZP
๐ด S. KOREAN MANUFACTURING BSI SA ACTUAL 74 (FORECAST -, PREVIOUS 76) $MACRO
U.S. consumers remain confident, but their feelings about the near future is a bit more cloudy https://t.co/E39O3d1S0O https://t.co/8EiM65dKg8
Home Prices Rose At Fastest Pace In More Than A Year As Unaffordability Crisis Persists https://t.co/lxNq9UddFR
U.S. consumer confidence ticked down as Americans wrestle with higher prices and feel less optimistic about the short-term future. https://t.co/42vDgfYi1g https://t.co/rtrFyCTj2X
US consumer confidence steady in March; inflation expectations creep up https://t.co/vKngzkOn1Q https://t.co/MuiCURF5VB
Consumers are more concerned about inflation than an economic slowdown, and more anxious about the future while feeling pretty good about the present. Check out our latest analysis of what today's @Conferenceboard data release means for the US economy. ๐ https://t.co/Pya7fLmiy1
Home prices reach new high in January, Case-Shiller says https://t.co/6owG6qJBPv
Real, inflation-adjusted, USA home prices up 4% from a year ago. https://t.co/yhiG1dK3xc https://t.co/Wga3usUOwL
USA home prices up 6% from a year ago. Updated Case-Shiller through January, the latest data available (and Jan is really the Nov-Jan average). https://t.co/yhiG1dJvHE https://t.co/dosovj12pd
๐บ๐ธ US Consumer Confidence Holds Steady While Outlook Deteriorates โ Bloomberg https://t.co/mdhfWHVWsz https://t.co/4Y190nKAwA
The S&P Core Logic Case-Schiller National Home Price Index tallied a 6 percent annual increase in January, reaching its fastest annual rate in more than a year, according to data released Tuesday. https://t.co/Dpwr1bYByM
Case-Shiller: national home price index rose 6.0% Y/Y in Jan, fastest rate since '22; 10 largest cities rose 7.4%; 20 largest rose 6.6% w/ every city rising for 2nd month in a row; tell me more about inflation being under control... https://t.co/beJeqozw3A
Consumer confidence dips in March on more pessimism about the future of the economy https://t.co/eokCGSBB9t
U.S. consumer confidence steady in March; inflation expectations creep up https://t.co/6R3Jm6Nckp
U.S. consumer confidence has dipped this month: Conference Board https://t.co/0ynk0XW2dR
๐บ๐ธ US CONSUMER CONFIDENCE STEADY IN MARCH; INFLATION EXPECTATIONS CREEP UP Full Story โ https://t.co/ljDpT5N7NV https://t.co/VJPqyLSDZj
US March consumer confidence falls to 104.70, below all estimates, with a measure of expectations falling as well. Weakness driven by a loss of confidence among the under 35s to a three-year low. https://t.co/kjlnrLkshv
US consumer confidence fell to 104.70, below all estimates with median inflation expectations unchanged at 4.3%. Weakness driven by a loss of confidence among the under 35s to a three-year low. https://t.co/1kpyxylxvt
Case-Shiller: National House Price Index Up 6.0% year-over-year in January FHFA: House Prices Declined Slightly in January, up 6.3% YoY https://t.co/FcEPB3YRMG https://t.co/UeeVzQTAtm
Housing prices (Case-Shiller) just hit another new high. Since 2000, inflation (CPI) is up 84%, no one likes that. But stocks and housing prices have done substantially better. https://t.co/31YAD3vIX6
January S&P CoreLogic CS 20-City Home Price Index (blue) +6.59% year/year vs. +6.15% prior โฆ National Home Price Index (orange) +6.03% vs. +5.57% prior https://t.co/vxKvHjrx9E
January FHFA U.S. Home Price Index -0.1% month/month vs. +0.3% est. & +0.1% in prior month โฆ first drop since August 2022 https://t.co/2LHHp8XCcL
U.S. home price growth, according to the Case-Shiller National Home Price Index: Over the past 19 months (June 2022 to January 2024): +0.8% Over the prior 19 months (November 2020 to June 2022): +32.7%
U.S. home prices, as measured by the Case-Shiller National Home Price Index, fell -0.1% between the December '23 and January '24 reading Year-over-year: +6.0% Since the 2022 peak: +0.7% https://t.co/3BuvGzD0Pd
Home-price growth in the US accelerated at the fastest rate since 2022, increasing pressure on buyers https://t.co/mvkPu9ZJej
Home prices up +6% in January from last year, from 5.5% in December https://t.co/NijFRdl1M0
Case-Shiller: National House Price Index Up 6.0% year-over-year in January https://t.co/nD6TcaQx86 https://t.co/JuCoXFPEqW
Macro Morning Mixed Durable Goods Orders: +1.4% vs est +1.0% Durables ex-Transport: +0.5% vs est 0.4% Cap Goods Order Non-defense ex Air +0.7% vs est 0.1% Housing Prices FHFA House Price Index -0.1% vs est +0.3% S&P Corelogic 20-city +0.14% vs est 0.20% S&P Corelogic 20-cityโฆ
Home prices in top U.S. cities at record heights: Case-Shiller https://t.co/zlnyfxT9T8
US Home Prices Rose For 12th Straight Month In January, Despite Soaring Rates https://t.co/YXeivs482T
Case Shiller 20 City Composite 0.14% MoM, Exp. 0.2% 6.59% YoY, Exp. 6.60%
U.S S&P/CS HPI COMPOSITE - 20 S.A. (MOM) (JAN) ACTUAL: 0.1% VS 0.2% PREVIOUS U.S S&P/CS HPI COMPOSITE - 20 N.S.A. (MOM) (JAN) ACTUAL: -0.1% VS -0.3% PREVIOUS U.S S&P/CS HPI COMPOSITE - 20 N.S.A. (YOY) (JAN) ACTUAL: 6.6% VS 6.1% PREVIOUS; EST 6.6%
US FHFA House Price Index (M/M) Jan: -0.1% (est 0.3%; prev 0.1%)
๐ด US CASESHILLER 20 YOY ACTUAL 6.59% (FORECAST 6.6%, PREVIOUS 6.1%) $MACRO
๐ง๐ท Brazil Mid-Month CPI (YoY) (Mar) $BRL Actual: 4.14% ๐ข Expected: 4.10% Previous: 4.49%
Year/year change in median price of new single-family home reversed lower to -7.6% in February ... off recent lows but still quite weak relative to history https://t.co/5GWcEZIX6I
๐ด UK 4 YR GILT YIELD ACTUAL 3.928% (FORECAST -, PREVIOUS 4.095%) $MACRO
๐ด UK 4 YR BID-TO-COVER ACTUAL 3.483 (FORECAST -, PREVIOUS 1.61) $MACRO
๐ด HONG KONG EXPORTS ACTUAL -0.8% (FORECAST 2%, PREVIOUS 33.6%) $MACRO
๐ด HONG KONG IMPORTS ACTUAL -1.8% (FORECAST -1%, PREVIOUS 21.7%) $MACRO
โ ๏ธ GERMAN CONSUMER SENTIMENT STAYS ON SLOW RECOVERY PATH, FINDS GFK Full Story โ https://t.co/oB4NnYu5Oz German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer households seeing the need to save even as uncertainty about Germany'sโฆ https://t.co/Bwmg9KMmxC
๐ด SPANISH GDP QOQ ACTUAL 0.6% (FORECAST 0.6%, PREVIOUS 0.6%) $MACRO
๐ด GERMAN GFK CONSUMER SENTIMENT APRIL 2024 FULL REPORT https://t.co/b3O6sEn1oa
๐ด SWEDISH PPI YOY ACTUAL -1.3% (FORECAST -, PREVIOUS -2.3%) $MACRO
๐ด SWEDISH PPI MOM ACTUAL 0% (FORECAST -, PREVIOUS 0.3%) $MACRO
๐ด GERMAN GFK CONSUMER SENTIMENT ACTUAL -27.4 (FORECAST -28, PREVIOUS -29.0) $MACRO
Heads Up:๐ฉ๐ช GfK Consumer Confidence (Apr) due at 07:00 GMT (15min) Expected: -27.9 Previous: -29 https://t.co/U2p2RLAWZP
South Korea's consumer sentiment dropped sharply in March on growing worries about higher produce prices, a central bank survey showed, as inflation hitting the dinner table emerges as a major policy issue at next month's elections. More here: https://t.co/IN67gAyIaw
South Korea consumer sentiment drops on worries about food inflation https://t.co/nIo599vGeI https://t.co/aghYMksecY
Australiaโs consumer confidence fell in March as households remain concerned about their finances and the near-term prospects for the economy https://t.co/Bo6VJ0EBLv via @economics
Australiaโs consumer confidence fell in March as households remain concerned about their finances and the near-term prospects for the economy https://t.co/ZgPIxG7KV4
๐ด JAPANESE SERVICE PPI ACTUAL 2.1% (FORECAST 2.1%, PREVIOUS 2.1%) $MACRO
AUSTRALIA (MAR) WESTPAC CONSUMER CONFIDENCE ACTUAL: 84.4 VS 86.0 PREVIOUS
๐ด AUSTRALIA'S MARCH WESTPAC-MI CONSUMER CONFIDENCE INDEX FALLS 1.8% TO 84.4
๐ด AUSTRALIAN CONSUMER SENTIMENT ACTUAL -1.8% (FORECAST -, PREVIOUS 6.2%) $MACRO
The rate at which U.S. home prices grow is slowing down, increasing just 0.6% from a month before in February. What that means for buyers and sellers: https://t.co/b8DwiasNtM
South Korean Consumer Confidence Mar: 100.7 (prev 101.9)
๐ด S. KOREAN CONSUMER SENTIMENT ACTUAL 100.7 (FORECAST -, PREVIOUS 101.9) $MACRO
NEW ZEALAND (Q1) WESTPAC EMPLOYMENT CONFIDENCE INDEX ACTUAL: 104.4 VS 99.7 PREVIOUS
Home Prices Likely Climbed in January. Where Theyโre Headed. https://t.co/3HyNmDSFnr
Bottomlining new home sales via @pboockvar Number of homes for sale (more spec building from bigger builders) to ~most since 2008 & monthsโ supply was 8.4. Median price fell 3.5% sequentially & 7.6% YoY in part to mix as more lower priced homes sold relative to those >$500k
"The total number of U.S. homes for sale climbed 5%,ย the biggest year-over-year uptick since May 2023, during the four weeks ending March 17. New listings rose 15%, the biggest increase since June 2021." @Redfin https://t.co/IAFlP0UxNN
The median price for new construction is down 19% from the peak in 2022, and the average price for new construction is down 15% from the peak The question, of course, is how much is outright price declines and how much is mix shiftโbuilders going smaller via @calculatedrisk https://t.co/3qDzuVN5A9
๐ด BOE SELLS ยฃ650.0 MLN OF BONDS IN AUCTION; RECEIVES ยฃ1.22 BLN BIDS, APF GILT SALE OPERATION COVER RATIO 1.87.
While price growth is moderating and inventory is improving, overall housing costs remain high. Here's what buyers and sellers can expect. https://t.co/zTMRm9s2xM
U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the roughly eight years leading up to the Covid-19 pandemic, according to a new Redfin analysis. https://t.co/8ILLJtjvPH
US 2024 Growth Outlook Goes From Gloom To Bloom In Six Months - BBG https://t.co/EKNevaFRki
Economists are decidedly more upbeat about the US outlook than they were six months ago, seeing activity nearly on par with 2023 as strong job gains fuel consumer spending and growth without derailing the progress on inflation. https://t.co/2IG9trqidb
February โฆ@ChicagoFedโฉ National Activity Index +0.05 m/m vs. -0.34 est. & -0.54 prior (rev down from -0.3) โฆ 46 of 85 individual indicators made positive contributions https://t.co/rBqCKJ9FfP
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers https://t.co/W8hFsLq3t3
๐บ๐ธ United States Chicago Fed National Activity (Feb) $USD Actual: 0.05 Previous: -0.54
US Chicago Fed Nat Activity Index Feb: 0.05 (est -0.34; prevR -0.54)
๐บ๐ธ Chicago Fed National Activity Index (Feb) Actual: 0.05 Previous: -0.54 https://t.co/Bet2Gtf8VV
๐ด CHICAGO NATIONAL ACTIVITY INDEX ACTUAL 0.05 (FORECAST -0.34, PREVIOUS -0.30) $MACRO
Heads Up:๐บ๐ธ Chicago Fed National Activity Index (Feb) due at 12:30 GMT (15min) Previous: -0.3 https://t.co/Bet2Gtf8VV
UK CBI Total Dist. Reported Sales Mar: 8 (prev 5) - CBI Retailing Reported Sales Mar: 2 (est -14; prev -7)
๐ฌ๐ง United Kingdom CBI Distributive Trades Survey (Mar) $GBP Actual: 2 ๐ข Expected: -13 Previous: -7
๐ด UK CBI DISTRIBUTIVE TRADES ACTUAL 2 (FORECAST -13.5, PREVIOUS -7) $MACRO
UK CBI DISTRIBUTIVE TRADES SURVEY (MAR) ACTUAL: 2 VS -7 PREVIOUS; EST -14
๐ช๐ธ Spain Spanish PPI (YoY) $EUR Actual: -8.2% Previous: -3.9%
๐ด JAPANESE CHAIN STORE SALES YOY ACTUAL 6% (FORECAST -, PREVIOUS 2%) $MACRO
๐ด JAPANESE LEADING INDICATOR CHANGE REV. ACTUAL -0.4 (FORECAST -, PREVIOUS -) $MACRO
Singaporeโs core inflation quickened in February as expected on seasonally stronger demand around the Lunar New Year https://t.co/efME1U9hvv
๐ด DUTCH GDP YOY FINAL NSA ACTUAL -0.4% (FORECAST -0.5%, PREVIOUS -0.5%) $MACRO
๐ด DUTCH GDP QOQ FINAL SA ACTUAL 0.4% (FORECAST 0.3%, PREVIOUS 0.3%) $MACRO
๐ด DUTCH Q4 GDP GROWTH AT 0.4% QOQ SEASONALLY ADJUSTED, REVISED UP FROM PRELIMINARY 0.3%: CBS
Singapore February core inflation rises to 3.6% y/y, highest since July 2023 https://t.co/q6tsjFAbsM https://t.co/OV82kaz9XJ
๐ฏ๐ต Leading Economic Index Final (Jan) Actual: 109.5 Previous: 109.9 https://t.co/Bet2Gtf8VV
โ ๏ธ SINGAPORE FEBRUARY CORE INFLATION RISES TO 3.6% Y/Y Full Story โ https://t.co/hpsFufv8bA Singapore's core inflation rose 3.6% in February from a year earlier, above estimates, amid higher costs of healthcare to recreation goods and services, official data showed Monday. https://t.co/6EDVtDOLrt
๐ฏ๐ต Japan Leading Index (MoM) $JPY Actual: -0.4% ๐ข Expected: -0.6% Previous: 2.1%
๐ฏ๐ต Japan Leading Index $JPY Actual: 109.5 ๐ด Expected: 109.9 Previous: 110.2
๐ธ๐ฌ Singapore CPI (YoY) (Feb) $SGD Actual: 3.4% ๐ข Expected: 3.3% Previous: 2.9%
๐ฏ๐ต Leading Economic Index Final (Jan) Actual: 109.5 Previous: 110.5 https://t.co/Bet2Gtf8VV
๐ธ๐ฌ Singapore Core CPI (YoY) (Feb) $SGD Actual: 3.60% ๐ข Expected: 3.40% Previous: 3.10%
๐ฏ๐ต Coincident Index Final (Jan) Actual: 112.1 Previous: 115.9 https://t.co/Bet2Gtf8VV
๐ด SINGAPORE CPI MOM NSA ACTUAL 1% (FORECAST -, PREVIOUS -0.7%) $MACRO
Heads Up:๐ฏ๐ต Coincident Index Final (Jan) due at 05:00 GMT (15min) Previous: 116.0 https://t.co/Bet2Gtf8VV
Heads Up:๐ฏ๐ต Leading Economic Index Final (Jan) due at 05:00 GMT (15min) Previous: 110.5 https://t.co/Bet2Gtf8VV
Malaysia's Feb CPI rises 1.8% on-year, more than forecast https://t.co/rC1XIpRdEC https://t.co/kC7pPNUwUO