February 19, 2025
United States:
US Housing Starts Fall in Broad Pullback After December Surge
US housing starts slowed in January as builders pulled back on single- and multifamily home construction amid growing worries over mortgage rates and unsold homes.
New residential construction decreased 9.8% to an annualized pace of 1.37 million last month, slipping after a nearly 16% surge in December, according to government data released Wednesday.
Europe:
ECB Nears Point of Pausing or Halting Cuts, Schnabel Says
The European Central Bank will soon have to discuss taking a break, or ending altogether, its campaign of interest-rate reductions, Executive Board member Isabel Schnabel told the Financial Times.
“We are getting closer to the point where we may have to pause or halt our rate cuts,” Schnabel, one of the ECB’s top hawks, said in an interview conducted on Feb. 14 and published Wednesday.
Asia:
Japan’s Exports Rise at a Faster Clip with Trump Tariffs Looming
Japan’s exports rose at a faster clip in January as businesses ramped up orders just as US President Donald Trump unleashed a barrage of protectionist policies expected to take effect in coming months.
Exports measured by value increased 7.2% from a year earlier led by shipments of cars and ships, the Ministry of Finance reported Wednesday.
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