Sharply higher home prices in the US. Consumer confidence is waning

Macro-economy
May 26, 2021

The yearly growth rate in home prices is close to a 15-year high in the US and consumer confidence is showing signs of weakening. US bond yields have continued to fall and the USD to weaken: the EUR/USD exchange rate climbed above 1.2250 and the highest level of the year so far (1.2349) may be the next target. Sharp improvement in French business confidence in May.

Share this news :

You might also read :

March 17, 2022

Prices dropped on prospects of higher Norwegian production

European gas prices weakened yesterday, not very sensitive to the drop in Russian flows (down to 229 mm cm/day on average, compared to 252 mm…

February 2, 2021

EUA traded sideways, torn between weaker gas and stronger equities

The European power spot prices faded yesterday, pressure by expectations of warmer weather and improved French nuclear availability. Prices dropped by 6.08€/MWh to 51.15€/MWh on…

May 10, 2021

USD down after US job data came out well below expectations

The EUR/USD exchange rate is trading at its highest level since early February, above 1.2150, after US job creation came out much lower than expected…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Sharply higher home prices in the US. Consumer confidence is waning

You might also read :

Prices dropped on prospects of higher Norwegian production

EUA traded sideways, torn between weaker gas and stronger equities

USD down after US job data came out well below expectations

Simplifying energy markets