Written by John Lounsbury and Steven Hansen
The headlines say new home sales modestly improved and at market expectations. Our analysis is showing a continuing deceleration of new home sales.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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-- this post authored by Adriano Bosoni
The skies may not be clear, but these days Europe's leaders are more relaxed than they were when the year began under foreboding clouds. Economic growth is gaining momentum and unemployment is slowly going down. More important, voters in France rejected candidates opposed to the European Union, and moderate forces will remain in power after September's general elections in Germany. But while things are relatively calm in the eurozone's two main economies, the next big challenge for the currency area will come from its third-largest member, Italy. The country has to hold general elections by May, and the vote will take place amid discontent with the status quo, which in many cases includes skepticism about the euro. Given the size of the Italian economy and the depth of its problems, the country's politics could have consequences far beyond Italy's borders.
Infographic Of The Day: Town Names That Will Make You Fall Out Of Your Chair
Some city names are a good reminder of how while times change, some things still remain the same.
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Written by Sig Silber
When the Long-Wave features (Ridges and Troughs related to the rotation of Planet Earth) are not very distinct, the ability to make forecasts declines. This seems to be the situation beyond about a week right now. Local geography then assumes increased importance. There can be oddities since the checks and balances on weather features moving from one place to another are not as strong as usual.
26Jul2017 Pre-Market Commentary: Wall Street To Open Higher, New SP 500 Highs Expected, WTI Crude Pushes Into The Low 48 Handle
from The Conversation
-- this post authored by Timothy Oliver, University of Hull
There are lots of productive ways to analyse Brexit - why it happened, how it's developing, and how it might turn out. One of the most interesting is to use the idea of an identity to understand both why the process is proving so painful for the UK, and also why the rest of Europe still seems so confused about why the UK is engaging in this process at all.
Written by Gary
US stock market index futures are up moderately (SPY +0.2%) and new record highs for the SP 500 are expected at the opening.
25Jul2017 Market Close: Wall Street Extended Its SP 500 Record-setting Run Amid Optimism Over The La
25Jul2017 Market Commentary: New Record For The SP500, Nasdaq Down, Fed's To Likely To Leave Interes
from the American Chemistry Council
The Chemical Activity Barometer (CAB) ticked up 0.1 percent in July following a flat reading in June and a 0.2 percent gain in May.