© Reuters.
Investing.com – US data from the Conference Board indicated that the US economy will enter a recession during the second half of this year, with the index declining more than expected at -1.2%, while analysts had expected -0.6%.
It is now rising in spot transactions, to record $2,011.85 an ounce, which is a high level for today’s session. While it declines to $81.56 per barrel, West Texas Intermediate crude drops to $77.44 per barrel, and records a new low for the session at 101.368.
Leading economic indicators are the work of an analytical system of highs and lows in a business cycle. It aims to reveal turning points in economic models in a clear and convincing manner.
A series of data was also issued on the US housing market, which indicated a decline in house prices at the highest pace since 2012. It also recorded a decline of -2.4%, amounting to 4.44 million units, while it was expected to be 4.45 million.
