December 31, 2024
United States:
US Pending Home Sales Advance to Highest Level Since Early 2023
Pending sales of US homes increased for a fourth month in November to the highest level since early 2023 as homebuyers gave up hopes for lower borrowing costs.
A National Association of Realtors measure of contract signings rose 2.2% to 79, the highest since February 2023. The median estimate in a Bloomberg survey of economists called for a 0.8% increase.
Europe:
European Stocks Eke Out Yearly Gain Amid Trade, Politics Worries
Equity markets in the UK and France rose in thin trading, leading the European benchmark to wrap up 2024 with modest gains.
The UK’s FTSE 100 gained 0.6% and France’s CAC 40 Index rose 0.9%. Both markets traded for a half session. Bourses in Germany, Italy, Denmark, Switzerland and Finland were shut through the day.
Asia:
Xi Says China’s 2024 GDP Growth Set to Hit Target of Around 5%
China’s gross domestic product is expected to expand around 5% for the full year of 2024, President Xi Jinping said, signalling the world’s second-largest economy is on track to meet its official target.
China’s economy was “overall stable and progressing amid stability,” Xi said at a new year event on Tuesday, according to a speech published by the official Xinhua News Agency.
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