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  • Squawk / 3 hours ago
    Head of Macro Strategy / Saxo Bank
    US pending home sales miss in June, decline 1.8%:

    Analysts had penciled in a modest increase of 0.9%, but instead pending sales of existing homes fell 1.8% m/m in June while May was revised a bit lower to 0.6%. Despite the monthly decline the annual change in pending home sales rose to 11.1% last month from a revised 7.9% in May.

    Pending home sales lead existing home sales by 1 to 2 months.

    Homebuilders (XHB) have outperformed the S&P 500 index so far this year.
    Read the Squawk
  • Editor’s Picks / 5 hours ago

    From rents to haircuts, Americans feel price hikes

    Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up. Higher prices reflect a healthier economy and are a key reason the Federal Reserve, will likely raise interest rates from record lows later this year. Inflation has long trailed the Fed's 2% target rate but is on track to return to that level in coming months.
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  • Article / 6 hours ago

    Russia battens down the hatches

    Russia oil and gas expert
    United Kingdom
    Russia battens down the hatches
    Russia's economy shrank 4.2% year-on-year in June, showing a deeper decline than earlier this year. The economy ministry does see some light in the headline stats, but its own analysis of economic trends poises some uneasy questions.
    Read the article
    Warren Buffet007 Warren Buffet007
    I don't know, but maybe Russia will keep the Ruble low to beneficiate the Export?.