Shares in US homebuilders have tumbled as fears that interest rates will remain higher for longer add to concerns that president-elect Donald Trump’s potential tariffs and mass deportations will raise construction costs. Since Trump’s election win in November the S&P 500 homebuilding index has dropped 17.3 per cent to its lowest level since July. US steel manufacturers and home furnishing groups have also suffered sell-offs following a two-year post-pandemic boom.
But rising inventories of new and completed homes built after the pandemic have begun to weigh on supply, with Reserve Bank of St Louis data showing a slowdown over the past year in the number of housing units under construction. The mood among investors has particularly soured in the last two months. “It’s policy, the outlook for rates, rising inventory . . .
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dollar Surges, Stocks Tumble as Fed Signals Slower Rate CutsThe US dollar reached a two-year high and global stock markets experienced a decline on Thursday following the Federal Reserve's indication of a more gradual reduction in interest rates next year to mitigate the risk of inflation resurgence. Although the Fed implemented a quarter-point rate cut on Wednesday, its projections for future cuts in 2025 were significantly lowered, signaling continued concerns about persistent inflation and the potential impact of Trump's economic policies on price pressures. Investors reacted to the perceived hawkish stance of the Fed, leading to a sell-off on Wall Street and a drop in European and Asian stocks. The dollar index surged 1.1%, reaching its highest point since November 2022.
Fuente: ftenergy - 🏆 47. / 63 Leer más »
The never-ending Trump effect on US stocksInvestors pour $140bn into US stock funds after Donald Trump’s election victory
Fuente: FT - 🏆 113. / 51 Leer más »
Bitcoin Soars on Trump Reserve Hopes, UK Stocks DipBitcoin price surges to new highs fueled by speculation that President-elect Trump will establish a strategic Bitcoin reserve. Meanwhile, UK stock markets experience declines, with the FTSE 100 and FTSE 250 reaching near one-month lows. The pound recovers from recent weakness but remains below six-month highs.
Fuente: SkyNews - 🏆 35. / 67 Leer más »
3 Clean Energy Stocks That Could Thrive Under TrumpThe upcoming Trump presidency is considered bearish for renewable energy investing, but there are a few exceptions
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »