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<ul><li>Prior month 0.4% revised to 0.9%</li><li>Construction spending for December 0.9% versus 0.5% expected. Highest level since May 2023</li><li>Private construction 0.9% vs 0.7% last month</li><li>Public construction 1.3% vs -0.7% last month</li></ul><p>Stronger than expected and

<ul><li>Best since October 2022</li><li>Prior was 47.4</li></ul><p>Details:</p><ul><li>Prices paid 52.9 vs 45.2 prior</li><li>Employment 47.1 vs 48.1 prior</li><li>New orders 52.5 vs 47.1 prior</li><li>Inventories 46.2 vs 44.3 prior</li><li>P

<ul><li>Prelim was 50.3 </li><li>Prior was 47.9</li><li>Greater new orders and stronger output expectations for the year ahead spurred firms to hire workers</li><li>Employment rose for the first time since last September</li><li>Business confidence at goods producers jumped to a 21-month h

<p>RBC is expecting a pullback in US equities, citing:</p><ul><li>in the geopolitical landscape deterioration</li><li>hard landing concerns returning</li><li>recent employment data</li></ul><p> Its difficult to disagree with the first. On the second, has that ever gone away? It seems

<p>Rebound.</p><p>The major stock indices are rebounding higher in early US trading after getting smashed yesterday on the Powell comment that the base case is not for a March rate cut. Analysts have adjusted their expectations to the May/June area as a result. Yesterday the broader indices fell the most since September for the S&

<p>The ongoing rally in the bond market is likely been driven by US banking fears but while the KRE regional banking ETF is was 3.4%, the rest of it is just seeing it as potential reason for the Federal Reserve to cut rates sooner. It's been an impressive bounce that nearly erases yesterday's rout.</p><p>On the […

<ul><li>Prior was 45.4</li><li>Production was sub-50 for a sixth month in a row during January</li><li>Confidence in the future improved in January, hitting its highest level in six months</li></ul><p>Commenting on the latest survey results, Paul Smith, Economics Director at S&amp;P Global M

<p>ANZ's survey of consumer confidence for January 2024 comes in at 93.6</p><ul><li>prior 93.1</li></ul><p>Comments from ANZ's report:</p><ul><li>Inflation expectations bounced back, lifting from 3.9% to 4.3%.<ul><li>but are still trending downward quite sharply. <

<ul><li><a href="https://www.forexlive.com/news/us-initial-jobless-claims-214k-vs-200k-estimate-20240125/" target="_blank" rel="follow">Prior</a> week 214K revised 215K</li><li>Initial jobless claims</li><li>4-week moving average initial jobless claims 207.75K vs 202.5K l

<p>Traders in the timezone will be awaiting the US employment data Friday at 0830 US Eastern time:</p><ul><li><a href="https://www.forexlive.com/news/preview-december-non-farm-payrolls-by-the-numbers-20240201/" target="_self">Preview: December non-farm payrolls by the numbers</a></li><