New home sales in US decline in May

New Home Sales in USA dip below forecast and previous month’s numbers, signaling a slowdown

The U.S. housing market witnessed a decline in New Home Sales, a key economic indicator that measures the annualized number of new single-family homes sold during the previous month. The recent data shows a significant drop to 623K, causing concern among industry experts and economists.

US Building Permits Stabilize, Meeting Forecast Expectations

The US Building Permits report, a key economic indicator closely scrutinized by economists and investors, has shown a stabilization in the recent data release. The actual number came in at a decrease of -2.0%, which was precisely in line with the forecasted figure.

German exporters’ mood worsens amid U.S. tariff uncertainty

German exporters showed a more pessimistic outlook in June as uncertainty over potential U.S. tariffs continued to weigh on sentiment.

Bank of Thailand keeps interest rate at 1.75%

The Bank of Thailand’s monetary policy committee voted to maintain its policy rate at 1.75% on Wednesday, with six members supporting the decision and one voting for a cut.

 US crude oil inventories decline, but less than anticipated

In its latest report, the Energy Information Administration (EIA) revealed that the number of barrels of commercial crude oil held by US firms has declined. The actual decrease was measured at 5.836 million barrels, a significant drop but not as steep as forecasted.

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Source: HDFC Securities Prime Research