- Home starts drop to 1.42 million against 1.41 million expected.
- Construction permits go from 1.56 million to 1.52.
- The dollar cut gains momentarily after data.
The housing starts in October they registered a fall of 4.2% from the revised data of 1,488,000 (annual) in September to 1,425,000, higher than the 1,410,000 of the market consensus.
The building permits in October they decreased 2.4%, from 1,564,000 to 1,526,000, higher than the 1,512,000 expected.
Along with these figures came an unexpected drop in the Philly Fed index and the jobless claims report. The dollar The market pulled back after the data, paring intraday gains, but after a few minutes it had already made up lost ground. The Kansas Fed manufacturing sector report will be released later on Thursday.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
