Germany's September factory orders bounce back, but manufacturing recovery remains unsure
German industrial orders rose 4.4% in September, driven by autos and mechanical engineering, but underlying conditions remain challenging.
54 min ago6 min read
US housing starts in August came in at 1.275m, below 1.309m forecast
US August housing starts at 1.275m missed estimation; permits also lower. Mortgage rates near 7%; relief may come after Iran war, if ever.
17/09/2026 12:422 min read
- The prior month's figure was 1.239m.
- Previous housing starts had fallen 12.4%.
- Building permits came in at 1.394m, missing expectations of 1.410m.
- The prior reading for permits stood at 1.433m.
US housing starts dropped 2.6%, while permits decreased 2.7%, as the housing market continues to struggle. With 30-year mortgage rates currently hovering around 7%, there is no immediate relief. However, the Fed's determination to fight inflation could lead to some reprieve after the Iran war, if that point is ever reached.
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