Tag: @LCO26V
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Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
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‘Too much too quickly’: Indonesia’s growth ambitions questioned by economists
Indonesia has set an ambitious growth target, but economists aren’t sure it can get there while keeping the deficit in check.
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Oil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran
Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.
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Iran and Oman discuss joint shipping route in Strait of Hormuz and mine clearing mission
Iran and Oman on Tuesday discussed a proposal to establish a jointly managed shipping route through the Strait of Hormuz.
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Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
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Oil prices fall as investors await ‘toughest’ U.S. sanctions on Iran
Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.
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U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
The security situation in Hormuz remains contested but the U.S. is helping oil get through the strait.
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Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran
Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.
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Japan headline inflation rate hits highest this year as energy prices bite
Core inflation — which strips out prices of fresh food but includes energy — was in line with expectations, coming in at 1.8%.
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Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains
Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.
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