How to trade on September 16?
The market calms down ahead of the Fed’s statement this evening.
American retail mall vacancies stand still in the first quarter
American retail mall vacancies were intact, sticking to 9.9% during the first quarter of 2017, compared with the fourth quarter of the previous year, as new construction dipped to its lowest values in six years, as real estate research company Reis Inc revealed in its report.
Expectations for the retail real estate industry have dropped because of the rapid ascend in e-commerce as well as store closures. However the entire impact of the closures hasn’t been felt yet, as Denham stressed.
Construction activity went down by more than two-thirds during the quarter, with a paltry 796,000 square feet of fresh construction completed.
Asking rent soared 0.3%, while effective rent added 0.4%, as Reis told.
Net absorption, assessed in terms of available retail space sold in the market for a certain period, more than halved, hitting 1.25 million square feet.
Besides this, the national vacancy rate for neighborhood as well as community shopping centers stood still at 9.9%.
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Ahead of Fed’s statement
Get ready with us for the most important event of this week! The FOMC’s statement will be out on Wednesday at 21:00 MT time.
Big day for Forex market
The FOMC will make a statement on September 16 at 21:00 MT time!
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CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Main market movements on September 17
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
How to trade GBP after BOE statement?
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
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