Month: May 2021

A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased
0 Comments
In this article DKS Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and sales that topped analyst estimates, saying kids returning to team sports boosted sales. Dick’s also raised
0 Comments
On Wednesday, the Reserve Bank of New Zealand, kept its monetary policy unchanged as expected, surprising with a hawkish tone that boosted the NZD across the board.  According to analysts at Wells Fargo, the RBNZ’s announcement represents upside risk to their NZD/USD exchange rate forecast. Key Quotes:  “The RBNZ held its Official Cash Rate steady
0 Comments
Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet. The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now
0 Comments
German DAX up marginally.  Francis CAC and UK FTSE 100 down marginally. The European shares are ending the day with mixed results. The provisional closes are showing: German DAX, +0.2% France’s CAC, -0.2% UK FTSE 100, -0.2% Spain’s Ibex, +0.2% Italy’s FTSE MIB, +0.15% In the European debt market, the benchmark 10 year yields are all trading to the downside. Italy
0 Comments