Review/interpretation of macroeconomic data on June 26.
Today's data weight is relatively low, and the impact on the market can be basically ignored, so there is no immediate interpretation. Let's review it together now.
Key data:
21:00 US April FHFA House Price Index Monthly Rate Previous Value 0 (0.1% before correction) Expected 0.3% Announced 0.2%
US April S&P/CS 20-city House Price Index Annual Rate Previous Value 7.5% (7.38 before correction) Expected 7% Announced 7.2
From the data, it can be seen that the US house price index in April was higher than the previous value year-on-year, but lower than expected. House prices rose slightly, and the annual rate was lower than the previous value month-on-month, but higher than expected. Overall, the house price index in April declined, but the decline did not match the expected value, and house prices remained at a high level. The rise in house prices may lead to a decrease in home buyers and bring pressure on renting. The impact of rising house prices may affect rents in May, and rents are also one of the important reference data for the PCE index.
22:00 US June Richmond Fed Manufacturing Index Previous value 0, expected -3, announced -10,
The Richmond Fed Manufacturing Index covers the manufacturing data of five states including Virginia, Maryland, North Carolina, South Carolina, and West Virginia, as well as Washington, DC.
The recorded value exceeded expectations and previous values, and was below the negative 0 axis, proving that the manufacturing activities in the region slowed down again, especially historical data showed that the data in March and April had basically returned to the vicinity of the 0 axis, and the manufacturing industry had recovered rapidly, but the data in June fell sharply, indicating that the manufacturing industry in the region was obviously in decline
