Europe PMI, debt ceiling talks dominate

By Jameel Ahmad, Chief Analyst at CompareBroker.io   From an economic data perspective, the main focus on Tuesday is the flash PMI readings from across Europe. The looming shadow in the background is

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Signs of life in U.S. homebuilding

By Moody’s Analytics   U.S. homebuilding has found a floor following an almost year-long slide in building activity. Total housing starts ticked higher in April, climbing 2.2% to 1.4 million annualized units. Multifamily

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Sentiment fragile amid US debt ceiling standoff

By Lukman Otunuga, Senior Research Analyst at FXTM   Most Asian equities were mixed on Tuesday as investors digested weaker-than-expected Chinese economic data. Industrial production and retail sales data from the world’s second-largest

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