Tag: 8month

China’s services activity growth hits 8-month low, Caixin PMI shows

(Corrects confidence milestone in paragraph 1 to four-year (not four-month)) BEIJING (Reuters) -China’s services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June, dragged by slower growth in new orders, a private-sector survey showed on Wednesday, suggesting more economic stimulus is needed. The Caixin/S&P Global services purchasing […]

US mortgage rates fall to 8-month low, says Freddie Mac

By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates fell this week to the lowest since May 2023, Freddie Mac reported on Thursday, providing a possible boost to buyer traffic in the housing market. The average fixed-rate 30-year mortgage fell to 6.60% as of Thursday from 6.66% the week prior, Freddie Mac said in […]