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  • Aug 30, 2024

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to housing analysts polled by Reuters who said purchasing affordability will improve but would remain strained. Forecasts for U.S. house prices have barely changed since the previous survey three months ago, despite more aggressive expectations in financial markets for interest rate cuts, suggesting this upswing will be more subdued than in the recent past. Much of that price appreciation has to do with homeowners who have locked in low 30-year mortgage rates - most under 5% and some even below 3% - and who are unwilling to part ways with their homes on such cheap deals.

  • Aug 30, 2024

World stocks end turbulent month higher as U.S. inflation data looms

Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. U.S. stock futures also pointed to an extension of Wall Street's positive run, with Nasdaq contracts 0.7% higher and those tracking the S&P 500 index up 0.4%. The stunning recovery from an early August sell-off reminiscent of October 1987's "Black Monday" came as traders priced a so-called Goldilocks scenario in which the U.S. economy keeps growing, but not so much to prevent interest rate cuts.

  • Aug 30, 2024

Oil Holds Gain on Positive US Economic Data, Libya Disruptions

(Bloomberg) -- Oil steadied to end the week after positive US economic data and worsening supply disruptions in Libya buoyed prices.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Guide to Urban Swimming in Europe, Beyond the SeineBrent for October traded around $80

  • Aug 30, 2024

South Africa’s Rand Surges to 13-Month High on Economy Optimism

(Bloomberg) -- The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Guide to Urban Swimmin

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