utah778 Morgan Stanley analysts expect auto insurance inflation to decelerate at the start of the second half of the year. Insurance (NYSEARCA:KIE), (NYSEARCA:IAK), especially in Auto, has been a persistent driver of U.S. inflation, but U.S. insurance analysts for Morgan Stanley said insurers’ losses are decreasing, “suggesting that companies haveContinue Reading
marchmeena29 Mortgage rates rose this week, but are still expected to decrease modestly in H2, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.95% as of July 3, up from 6.86% last week and 6.81% in the year-ago week. 15-year fixed-rate mortgages averaged 6.25%, compared toContinue Reading
mixmotive/iStock Editorial via Getty Images A Paramount Global (NASDAQ:PARA) deal with Skydance Media is expected to be completed by the weekend. Paramount jumped 15% in premarket trading. A transaction to purchase Paramount (PARA) controlling holder National Amusement and merge it with Paramount could happen as soon as Friday, according toContinue Reading
Luis Alvarez The U.S. Department of Labor’s nonfarm payrolls report for June, due this Friday, is likely to be a mixed bag, with growth expected to continue but at a slower pace than prior months. The report, which is the largest of the department’s several labor-related data reports, is likelyContinue Reading
sutthirat sutthisumdang Piper Sandler has upgraded Teleflex (NYSE:TFX) to overweight, citing expected EPS growth in 2025. The investment bank said it believes UL sales in physician’s offices “are starting to find a bottom” and that “the franchise will be less of a revenue headwind starting in 2025.” It also seesContinue Reading
Akacin Phonsawat/iStock via Getty Images May Construction Spending: +0.1% M/M to $2,139.8B vs. +0.3% expected and -0.1% in April. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent belowContinue Reading
Reinhard Krull The preliminary reading for inflation rate in Germany dropped to 2.20% in June from 2.40% in May 2024. The Consumer Price Index expected to increase 0.10% in June 2024 over the previous month. The inflation rate excluding food and energy, often referred to as core inflation, is expectedContinue Reading
Ramberg/E+ via Getty Images Manufacturing PMI in France dropped to 45.40 points in June from 46.40 points in May 2024, indicating a solid and accelerated pace of decline in the manufacturing sector. Consensus estimates were at 45.3. Key findings include: new orders decrease at quicker pace, weighing on production; acceleratedContinue Reading
Lemon_tm May PCE Price Index: +0.0% M/M vs. +0.0% consensus and +0.3% in April. +2.6% Y/Y vs. +2.6% expected and +2.7% prior. Core PCE Price Index, which excludes volatile food and energy costs, edged up 0.1% vs. +0.1% expected and +0.3% prior (revised from +0.2%). Federal Reserve policymakers prefer toContinue Reading
Gary Yeowell UK’s GDP expanded 0.70% in Q1 2024 over the previous quarter, more than consensus of 0.6%. This follows falls in the previous two quarters. Compared with the same quarter a year ago, real GDP is estimated to have increased by 0.3% in Q1. In output terms, services grewContinue Reading
