War jitters keep mortgage rates near monthly lows
The Mortgage Bankers Association said purchase applications rose 10% and refinance demand climbed 6% as rates eased for a third straight week.
1 min read
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Consumer sentiment hits record low as war-driven price shocks spread
U.S. consumer sentiment fell to a record low in April as war fears lifted expectations for fuel, food and freight costs.
2 min read
Wall Street calm: Bank of England flags risks beneath stocks
Sarah Breeden warned that record-high equities do not reflect the risks underneath them and said a macro shock, private-credit wobble and AI de-rating could hit together.
1 min read
India uses welfare subsidies to boost e-rupee adoption
India is routing welfare subsidies through e-rupee pilots to cut leakage and give the digital currency a reason to exist.
1 min read
Purchase applications rise 10% with mortgage rates easing
Mortgage rates slipped to 6.35%, and purchase applications rose 10% last week as buyers responded to lower borrowing costs and more inventory, the MBA said.
1 min read
Gas shock sends US consumer sentiment to record low
U.S. consumer sentiment fell to a record low in April as gas prices kept feeding inflation fears. The University of Michigan reading slipped to 49.8.
1 min read
Nvidia tops $5 trillion on AI enthusiasm
The Bank of England warned stocks will eventually “adjust” as officials question whether AI valuations, private credit and other risky trades reflect macro stress.
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Economy Watch
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Market Pulse
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Iran war hits global economy as factory costs rise
Reuters counted 26 companies that withdrew or cut guidance as the Iran war pushed up fuel bills, tightened supply chains and slowed deliveries.
1 min read
Mortgage rates fall to three-year spring low, lifting applications
Mortgage rates fell to their best spring level in 3 years, and purchase applications rose 10%.
1 min read
US activity rebound masks 2022-high price pressures
S&P Global said the flash composite PMI climbed to 52.0 in April, while firms raised selling prices at the fastest pace since July 2022 and input costs hit an 11-month high.
1 min read