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U.S. existing home sales jump

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U.S. existing home sales and prices rise in November, amid strong demand and some improvement in inventory. Leading economic index increases for the first time since 2022, pointing to continued expansion. Initial jobless claims come down, as the labor market remains healthy. Philly Fed factory activity slumps, a sign of manufacturing weakness nationwide. Q3 real GDP revised up, but profits soften. European confidence remains weak, weighing on the outlook.

Ned Davis Research | Economics | Daily Economic Perspectives | Daily

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