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The Global Week Ahead: Is A US Housing Recovery Sustainable?
Several housing markets around the world are beginning to come back to life. House prices are back on the upswing in places such as Australia and Canada. Is the US housing market in a sustained recovery? This is among the more important matters to the US economic outlook and the potential global market consequences given the sheer enormity of the US economy and its powerful central bank. A solid case can be made for answering in the affirmative, but not necessarily with uniform drivers, and even while the housing data is a bit puzzling on balance. Here’s my take on how to decipher the developments by walking ... (full story)
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The Swiss National Bank will probably have to raise borrowing costs again to tame consumer-price growth, according to President Thomas Jordan. “If you look at our inflation ...
President Vladimir Putin vowed Saturday to defend Russia against an armed rebellion by mercenary chief Yevgeny Prigozhin, who led his troops out of Ukraine and into a key city ...
EUR/USD has come up against the 50-Day SMA (1.0876) as it continues to pull back from a fresh monthly high (1.1012), and the exchange rate may continue to trade within the May ...
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post at 11:18am: Moscow mayor says "the situation is difficult" and "city services are on high alert" as Wagner forces approach the Russian capitalWagner Convoys Advancing Towards Russian Capital, Chechens Loyal To Putin En Route Wagner Group is making a move on the Russian capital, with multiple reports and videos now confirming Wagner convoys are headed toward Moscow, going north from Rostov region. At the same time, Chechen groups loyal to Putin are now sending their own armed convoys toward Rostov-on-Don, which has several key installations under the control of Yevgeny Prigozhin, accused of 'treason' by the Kremlin. Reuters is reporting, "Mutinous Russian mercenary fighters barreled towards Moscow on Saturday after seizing a southern city overnight, with Russia’s military firing on them from the air but seemingly incapable of slowing their lightning advance." Little to no significant resistance is being observed while Wagner convoys blow through makeshift roadblocks. Some observers say Wagner fighters have been spotted within a mere few hours outside the capital.
post at 1:33pm: *(RU) WAGNER CHIEF PRIGOZHIN: CONFIRMS WAGNER IS RETURNING ITS CONVOYS TO BASES TO AVOID BLOODSHED; GOING BACK TO UKRAINE ACCORDING TO THE PLAN - Confirms he is turning the column advancing on Moscow back to bases https://t.co/8CuS9RO5JkWagner chief says he ordered his Russian mercenaries to halt march on Moscow The head of the Wagner force said Saturday he has ordered his mercenaries to halt their march on Moscow and retreat to their field camps in Ukraine to avoid shedding Russian blood. The announcement from Yevgeny Prigozhin appeared to defuse a growing crisis. Moscow had braced for the arrival of the private army led by the rebellious commander. And President Vladimir Putin had vowed he would face harsh consequences. Prigozhin said that while his men are just 200 kilometers (120 miles) from Moscow, he decided to turn them back to avoid “shedding Russian blood.” He didn’t say whether the Kremlin has responded to his demand to oust Defense Minister Sergei Shoigu. There was no immediate comment from the Kremlin. The announcement follows a statement from the office of Belarusian President Alexander Lukashenko saying that he had negotiated a deal with Prigozhin after previously discussing the issue with Putin. Prigozhin has accepted Lukashenko’s offer to halt the Wagner group’s advance and further steps to de-escalate the tensions, Lukashenko’s office said, adding that the proposed settlement contains security guarantees for Wagner troops. It didn’t elaborate. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Moscow on Saturday erected checkpoints with armored vehicles and troops on its southern edge, Red Square was shut down and the mayor urged motorists to stay off some roads as the Russian capital braced for the arrival of a private army led by a rebellious mercenary commander. President Vladimir Putin vowed harsh consequences for organizers of the armed uprising led by his onetime protege, Yevgeny Prigozhin, who brought his forces out of Ukraine, seized a key military facility in southern Russia and advanced toward Moscow. Prigozhin’s actions represented the most significant challenge to Putin
As the month and quarter wind down, inflation readings are featured. The US May PCE deflator, which is the targeted measure is reported. Canada and Australia report May CPI. The ...
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- Posted: Jun 24, 2023 9:30am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,319
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