Insights

Weekly Economic Perspectives: A Growing Affordability Problem In US Housing

Simona M Mocuta

Senior Economist

Kaushik Baidya

Intermediate Quant Analyst

28 June 2021

The Economy
Special commentary on digitization efforts in Japan. A growing affordability problem in US housing. April retail sales fall in Canada. The BoE upgrades outlook but keeps a steady hand. Eurozone service activity accelerates. Japanese PMIs remain downbeat. Australia’s retail sales resilient despite Victoria lockdown.
The Market
The US leads broad equity gains. Yields generally widen, led by the US and Canada. Aussie Dollar grinds higher on favorable risk appetite. Crude oil gained on strong demand outlook.

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