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US housing starts slowed in July, falling 12.4% to a 1.24mln annualized pace versus a 1.35 mln survey expectation. Single-family starts dropped 9.9% to 808k, the lowest since November 2022. Multifamily starts fell nearly 17% after a prior surge. The

2026-08-18

US housing starts slowed in July, falling 12.4% to a 1.24mln annualized pace versus a 1.35 mln survey expectation. Single-family starts dropped 9.9% to 808k, the lowest since November 2022. Multifamily starts fell nearly 17% after a prior surge. The pullback highlights difficulty for the US housing market to regain momentum amid rising mortgage rates since the Iran war outbreak and elevated home prices. Residential investment made a small positive contribution to Q2 GDP — the first in 2024 — but gains were modest. Outlook for starts remains unclear.

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2026-08-18

UBS cut Marvell Technology (MRVL.O) target price to $300 from $340, maintaining a Buy rating.

UBS cut Marvell Technology (MRVL.O) target price to $300 from $340, maintaining a Buy rating.
2026-08-18

Deutsche Bank analyst Sanjeev Raja says despite stronger-than-expected UK economic data for June, the labor market is treading water: unemployment stayed at 4.9% and payrolls fell by 13,000. Weak aggregate indicators should keep the MPC temporarily o

Deutsche Bank analyst Sanjeev Raja says despite stronger-than-expected UK economic data for June, the labor market is treading water: unemployment stayed at 4.9% and payrolls fell by 13,000. Weak aggregate indicators should keep the MPC temporarily on hold, with markets focused on tomorrow’s inflation data. He notes tentative stabilisation—vacancies edged down modestly in the three months to July after trading in a very narrow range all year, implying labor demand may be near a trough, and the pace of redundancies has slowed.
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