It was a steady stream
of positive economic data that put upward pressure on the bond market and subsequently, mortgage rates.
Investors» risk appetite appears to be improved by
positive economic data out of China, Japan and other key economies, an agreement between US political parties that avoided a government shutdown, and progress in tax reform negotiations in the US, among other things.
The Fed had previously signaled three hikes in 2018, but
recent positive economic data could change the number of rate increase, some analysts say.
Buyers say better - than - expected earnings, as well as lower prices at the pump and
relatively positive economic data provide three powerful catalysts that should drive a slow churn higher into the end of the year.
Forecaster are split on whether or not the Bank of England will raise rates from 0.5 % to 0.75 % in May, but the
latest positive economic data seems to make that increase more likely.
US equities set fresh records Upbeat corporate earnings and
positive economic data helped underpin a continued rally in US equities, with both the S&P 500 Index and the Nasdaq Composite Index hitting fresh all - time highs on Thursday.
Japanese shares rallied thanks to Tokyo's Olympic bid victory, which helped lift sentiment, while Chinese stocks surged
following positive economic data that...
In the US, 10 - year bond yields are currently 4.4 per cent, around 120 basis points above the mid-June trough, reflecting the run of
positive economic data in recent months.
With the tapering of the government stimulus program and
positive economic data like the shrinking of the unemployment rate, interest rates in the US are expected to go up.
As
more positive economic data continues to surface, slowly but surely consumers can expect mortgage lenders to follow suit by being less credit picky when it comes to mortgage applications.
Asset prices remained relatively flat over the past month, caught between the push of
positive economic data on equities and the pull of geopolitical... More
But if you want the really short version, then just know that
net positive economic data and easing Brexit - related and political worries, as well as rumors that the E.U. may present a proposal for a transitional deal (perhaps as early as next week), helped the pound to climb higher this week.
Instead, investors
balanced positive economic data, faster gross domestic product (GDP) growth in many economies and attractive valuations against the reality that central banks are becoming less accommodative.
The continuous surge in inflation and
positive economic data across the bloc keep adding pressure on the ECB to start reducing its monetary stimulus.
The positive economic data, which included the release of better - than - expected purchasing managers» index (PMI) readings last Wednesday, and a large current account surplus in some euro zone economies, have given confidence to investors to buy euros.
The sector is benefiting from a pickup in interest rates,
positive economic data and a relaxation of populist fears.
Despite warnings before the vote that Brexit would shatter economic confidence,
some positive economic data and Softbank's (sftby) $ 32 billion takeover of Britain's technology company ARM have stoked the perception that Britain could prosper outside the EU.
Though nothing of significance emerged from the meeting on the timing of any potential scaling back of the ECB's bond purchasing program, many market participants remained convinced that such a move was not far away, given
the positive economic data from the region, with the central bank's next meeting in September favored as the most likely time for an announcement.
Reflecting rising revenues and
some positive economic data, Cuomo says the 2012 - 13 school aid budget — due almost a year from now — could rise to $ 20.2 billion.
Positive economic data and improving Energy sector fundamentals were overshadowed by geopolitical tensions and the headlines of the day.
Positive economic data, solid corporate earnings, and a rally in commodity prices supported fixed - income markets.
Gains in the Carry strategy were driven by a long position in the New Zealand dollar which appreciated as commodity export prices recovered, and a short position in the Swedish krona which depreciated on account of a dovish policy stance by the central bank, despite a stream of
positive economic data.
However, recent releases of
positive economic data could halt the downward trend of mortgage rates.»
The positive economic data should help boost buying activity now.