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US August housing starts 1.275m vs 1.309m expected

Prior was 1.239m Prior starts were -12.4% Building permits 1.394m vs 1.410m expected Prior permits 1.433m US housing starts fell 2.6% and permits were lower by 2.7% as the pain in the US housing market continues. US 30-year mortgage rates are now about 7% so there's no help coming but with the Fed showing that it's serious about inflation, there might be some relief on the other side of the Iran…

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US September Philly Fed business index +37.8 vs +30.5 expected

Prior was +47.4 Details: New orders 29.2 versus 30.1 last month Shipments 27.7 versus 27.7 last month Unfilled orders 20.4 versus 14.4 last month Delivery times 26.5 versus 3.7 last month Inventories -12.5 versus -3.7 last month Prices paid 48.6 versus 40.9 last month Prices received 31.3 versus 17.7 last month Number of employees 11.8 versus 27.9 last month Average employee workweek 18.0 versus…

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US initial jobless claims come in at 196K vs 208K estimate

US jobless claims for the week ending September 12: Initial jobless claims: 196K vs 208K expected. Prior 206K Four-week average of initial claims: 203.25K vs 206K previously Continuing claims: 1.730M vs 1.780M expected. Prior revised to 1.769M from 1.774M Four-week average of continuing claims: 1.761M vs 1.778M previously Insured unemployment rate: 1.1% vs 1.2% previously US initial jobless…

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China privately asks Iran to help rein in Houthis after Saudi appeal, sources say

China has privately asked Iran to use its influence over Yemen's Houthis to help contain the group's military campaign, according to three Iranian sources familiar with the matter. The request reportedly followed an appeal from Saudi Arabia to Beijing as Houthi forces rapidly expanded their control along Yemen's Red Sea coast. According to the sources, Riyadh sought China's help after the Houthi…

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investingLive European session wrap: Markets rise as oil and bond yields ease after Fed, BOE holds rates

Headlines: BOE leaves bank rate unchanged at 3.75% in 6-3 vote Long-end Treasury yields stay calm as markets digest the Fed Was the Fed really that hawkish or the market just overreacted? An objective overview Oil prices ease as Saudi Arabia projects to restore half pipeline capacity within days and Trump plans meeting with Gulf leaders S&P 500 looks for a technical bounce as 100-day moving…

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