June 16, 2026

United States:

US Housing Starts Drop to the Weakest Pace Since 2020 

New residential construction in the US slowed to the weakest pace in six years, driven by a steep decline in apartment projects.

Housing starts decreased 15.4% in May to an annualized rate of 1.18 million, federal data released Tuesday showed. That trailed all estimates of economists surveyed by Bloomberg.

https://www.bloomberg.com/news/articles/2026-06-16/us-housing-starts-drop-to-the-weakest-pace-since-2020?srnd=phx-economics-v2

Europe:

EU Lawmakers Back US Trade Deal Despite Trump Threat to French Wine

EU lawmakers voted today to back the long-delayed EU-US trade deal, brushing aside lingering doubts about US commitment to the transatlantic relationship.

https://www.bloomberg.com/news/newsletters/2026-06-16/eu-lawmakers-back-eu-us-trade-deal-despite-trump-threat-to-french-wine?srnd=phx-economics-v2

Asia:

BOJ Raises Rate to 31-Year High and Signals More to Come

The Bank of Japan raised its benchmark interest rate to the highest since 1995 and pledged more hikes to come, fueling speculation of another move before the end of the year.

The BOJ increased its benchmark rate by a quarter percentage point to 1% and said rates would keep going up in response to developments in the economy, according to a statement Tuesday.

https://www.bloomberg.com/news/articles/2026-06-16/boj-hikes-rate-to-31-year-high-at-meeting-with-governor-absent?srnd=homepage-asia

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