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May 07, 2024
May 06, 2024
Fed SLOOS on Bank Lending mostly resilient
May 6, 2024 6:27 PM UTC
The Fed’s Q2 Senior Loan Officer Opinion Survey on bank lending practices generally sustains a less negative tone seen in the last survey for Q1, and does not suggest that the Fed need to have any serious concerns about the business investment outlook.
Preview: Due May 16 - U.S. Apr Housing Starts and Permits - Housing sector losing momentum
May 6, 2024 1:10 PM UTC
We expect April housing starts to rise by 4.5% to 1380k after a 14.7% March decline while permits fall by 1.2% to 1450k after a 3.7% March decline. This would be consistent with the housing sector losing some momentum entering Q2 in response to rising mortgage rates in Q1.
Asia Open - Overnight Highlights
May 6, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform mostly stronger against the USD as the greenback slipped on weaker than expected payroll data. KRW saw the largest gains of 0.94%, followed by IDR 0.63%, THB 0.43%, SGD 0.39%, TWD 0.36%, MYR 0.34%, PHP 0.31%, CNH 0.19%, INR 0.04% and HKD 0.02%.
USD/CNH is trading lo