August 27, 2024
United States:
US Home-Price Gains Outpace Inflation With 5.4% Annual Increase
Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb.
A national measure of prices rose 5.4% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That compares with a 5.9% annual increase in May.
Europe:
ECB’s Centeno Says Interest-Rate Path Seems ‘Relatively Clear’
European Central Bank Governing Council member Mario Centeno said the direction of monetary policy seems “clear” given indicators such as lower inflation.
“When we look at the data, the path for interest rates in the euro area seems relatively clear to me,” Centeno said in a podcast posted on the Bank of Portugal’s website on Tuesday. “We look at the trajectory of the data and not only at each data point.”
Asia:
China’s Industrial Profits Climb Even as Warning Signs Flash
Profits at China’s industrial companies rose at the fastest pace in five months in July, though weak domestic demand is calling into question whether their resilience can last.
Industrial profits at large Chinese companies expanded 4.1% on year, the National Bureau of Statistics said in a statement Tuesday, after a 3.6% gain the previous month.
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