The Mortgage Bankers Association reported that mortgage applications rose again last week by 8.8% to pull the June average up 4.0% from May and up by one-half from June '09. Firm lending activity continued to reflect strong [...]
Global| Jun 30 2010
U.S. Mortgage Applications Move Higher But Purchase Apps Sustain 13-Year Low
by:Tom Moeller
|in:Economy in Brief
Global| Jun 30 2010
ADP Report: Private-Sector Job Growth Slows This Month
The rate of improvement in the U.S. job market slowed during June. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payroll levels rose last month by 13,000. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2010
EU Sentiment Falls; EMU Sentiment Edges Higher
Sentiment among the Big Five EU countries saw improvements in three of those five. Set backs in June were experienced in the UK and in France. For France its the second drop in a row. After seeing drops in four of six of the largest [...]
Global| Jun 29 2010
French Households See Nothing To Cheer About
French households continue to express dissatisfaction with their lot. The June overall Household Confidence Indicator published by INSEE (Institut National de la Statistique et des Etudes Economique) declined another point to -39% [...]
Global| Jun 29 2010
U.S. Gasoline and Crude Oil Prices Rise
The pump price for regular gasoline of $2.76 per gallon last week was its highest in five weeks. Also, prices were up more than three-quarters since the December 2008 low. Yesterday, the spot market price for a gallon of regular [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2010
U.S. Consumer Confidence Declines
The Conference Board indicated that consumer confidence wavered this month. Their consumer confidence index fell 15.6% m/m to 52.9 and gave up the prior two months' increase. Nevertheless, confidence remained improved from last year. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2010
U.S. Weekly Chain Store Sales Recover
Consumer spending overall is holding up but shopping at chain stores is barely treading water. Sales last week rose a healthy 2.1% to their highest level since early-May. The increase, however, left the June average down slightly from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2010
Case-Shiller Home Price Index Improves
Home prices improved during April. Seasonally adjusted, the Case-Shiller Home Price Index inched up 0.4% from March after two months of slight decline. However, home prices remain depressed and have fallen 29.1% since the May 2006 [...]
by:Tom Moeller
|in:Economy in Brief
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