CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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June Home Prices Rebound

CANADA DATA
  • Canadian Real Estate Association says June sales +1.5% MOM, +4.7% YOY
  • Average resale price +6.7% YOY
  • Price index +2% MOM, -4.5% YOY
  • New forecast predicts 2023 resales -6.8%, average price -0.2% in 2023 VS -4.8% in Q1
  • "Sales rebound in most parts of the country, already hampered by a lack of supply, is expected to be cut short by recent increases in borrowing costs and the uncertainty those summer rate hikes will create"
  • Market has stayed relatively strong even after eight central bank rate hikes; observers have warned of financial stability risks from consumer debts
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