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Weekly Economic Perspectives: US New Home Sales Hit Post-GFC High

Last Week's Highlights

  • The Economy
    US housing data continue to impress. Retail sales jump in Canada and the UK. Manufacturing and service activity picks up in the eurozone. Japan avoids deflation. The RBA says no to negative rates, direct deficit financing.
  • The Market
    Equities give up early gains amid geopolitical tensions and virus risks. Italian yields narrow sharply on EU fiscal package. The euro breaks higher. Gold breaks higher, oil is little changed.