UK three-month annual growth in average weekly earnings excluding bonuses (June) 3.5% vs 3.4% expected, 3.4% prior.

US housing starts slowed in July, falling 12.4% to a 1.24 mln 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.

美國企業藍籌債8月發行規模創歷史新高。