October 18, 2024
United States:
US Housing Starts Ease on Decline in Multifamily Construction
US housing starts eased in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in construction in August. The September figure was in line with the median projection in a Bloomberg survey of economists.
Europe:
Euro-Zone Inflation Seen Just Below 2% in 2025, ECB Poll Shows
The European Central Bank will see inflation dip just below its target next year, according to its quarterly survey of professional forecasters.
Consumer prices will rise 1.9% in 2025, down from a previous forecast of 2%, a release on Friday showed. The projections for 2024 and 2026 were unchanged at 2.4% and 1.9%.
Asia:
Japan’s Inflation Slows for First Time Since April Ahead of BOJ
Japan’s key inflation gauge slowed in September for the first time in five months, ahead of a central bank meeting later this month where the board is widely expected to keep the interest rate unchanged.
Consumer prices excluding fresh food rose 2.4% from a year earlier, decelerating from 2.8% in August as government utility subsidies softened the impact of ongoing inflation, according to the Ministry of Internal Affairs Friday. The result came in slightly stronger than the consensus estimate of 2.3%.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
