18th May 2023

  • Biden ‘Confident’ on Reaching Debt Deal as GOP Bashes Japan Trip

President says he will be in close contact with McCarthy

Biden cutting overseas trip short as deadline for deal nears

https://blinks.bloomberg.com/news/stories/RUT7ZVT0AFB4

  • Oil Steadies as US Debt Optimism Offsets Rising Crude Stockpiles

President Biden ‘confident’ negotiators will avoid a default

WTI trades below $73 after closing almost 3% higher Wednesday

https://blinks.bloomberg.com/news/stories/RUU4Z3DWRGG0

  • US Commercial Property Sees First Drop Since 2011, Moody’s Says

Office, apartment building values drop, Moody’s Analytics says

Moody’s economist Zandi sees bigger price declines ahead

https://blinks.bloomberg.com/news/stories/RUTDLET0G1KW

  • US Housing Starts Rise in Sign Home Construction Is Stabilizing

Beginning construction rose 2.2% in April to 1.4 million rate

Gain in one-family homebuilding due to surge in West region

https://blinks.bloomberg.com/news/stories/RUSZKQT1UM0W

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