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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
TuesdayWS:President Donald Trump threatened to "destroy" North Korea if the country fails to abandon its pursuit of nuclear weapons, delivering the dire warning Tuesday during his first address to the United Nations General Assembly.
BB: Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma. Residential starts fell to 1.18m annualized rate after upwardly revised 1.19m pace the prior month but permits rose to a 1.3m rate vs 1.23m.
BB: The September German investor confidence index rose more than expected and for the first time in four months to 17.0 vs 10.0 in August in a sign that concern over the risk to growth from the strengthening euro is subsiding.
MondayWS: The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind by slowly shrinking its $4.2 trillion portfolio of mortgage and Treasury bonds purchased during and after the financial crisis.
Economic Reports for the Week ending Friday September 22, 2017
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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