Market context
Follow the story. See which markets it affects. Explore the context.
US mortgage rates surpassed 7% to reach a year-high of 7.07%, driven by surging oil prices, Iran tensions, and hotter-than-expected PPI inflation data. The rate surge pushed August existing home sale…
U.S. construction spending fell 0.5% in July to its lowest level since October 2023, missing expectations of flat growth. Elevated mortgage rates near 6.66% severely weighed on single-family homebuil…
Surging US Treasury yields to multi-year highs alongside elevated crude oil prices (WTI >$85, Brent >$90) are keeping mortgage rates near 6.67%. The ongoing bond selloff and persistent inflation pres…
Lowe's cut its full-year guidance towards the lower end of prior forecasts due to persistent weakness in discretionary DIY spending and a frozen housing market. Second-quarter revenue slightly missed…
The UK market remains stagnant due to Middle East geopolitical tensions. Despite FTSE 100 weakness and a surprise dip in UK house prices, positive manufacturing PMI data provides a slight counterbala…