WS #16170
US housing starts fell 5.2% in September, sharply missing the +2.0% consensus forecast, indicating continued weakness in the domestic real estate sector. Internationally, China's CSI 300 index suffered its 10th consecutive weekly loss, marking a record losing streak that reflects deepening investor pessimism in Asian equities. These data points reinforce a narrative of slowing global growth.
Macro Weakness and Housing Miss
US housing starts fell 5.2% in September, sharply missing the +2.0% consensus forecast, indicating continued weakness in the domestic real estate sector. Internationally, China's CSI 300 index suffered its 10th consecutive weekly loss, marking a record losing streak that reflects deepening investor pessimism in Asian equities. These data points reinforce a narrative of slowing global growth.