Sales of existing homes fell 2.6% last month to a 4.480 annual rate (+5.2% y/y) from a revised 4.600M during February, last month reported as 4.590M. Despite the decline, sales remained near the highest since May 2010. Sales of [...]
- Global| Apr 19 2012
U.S. Existing Home Sales Fall
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2012
U.S. Leading Indicator Gain Moderates
The Leading Economic Indicator index from the Conference Board rose 0.3% last month after an unrevised 0.7% gain during February. A 0.2% increase had been expected. Last month a robust 70% of the series' components rose. That compares [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2012
Philadelphia Fed Activity Index Slips M/M but Shows Continued Growth
The Philadelphia Federal Reserve Bank's General Business Conditions Index slipped last month to 8.5 from 12.5 in March. Nevertheless, positive numbers for the last seven months indicate expansion in activity. The latest reading was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2012
U.S. Initial Unemployment Insurance Claims Stutter
Improvement in the labor market has slowed. That's the message from the latest figures from the Bureau of Labor Statistics. Initial claims for unemployment insurance slipped just 2,000 to 386,000 from an upwardly revised 388,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2012
U.S. Initial Unemployment Insurance Claims Stutter
Improvement in the labor market has slowed. That's the message from the latest figures from the Bureau of Labor Statistics. Initial claims for unemployment insurance slipped just 2,000 to 386,000 from an upwardly revised 388,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 18 2012
EMU Current Account Swings to Deficit
The trends in EMU show the 17 country Euro Area current account deficit swinging widely first to a surplus and now plunging to a deficit. It is no longer clear if there is an improving trend in train or not. Goods imports are out [...]
- Global| Apr 18 2012
U.S. Mortgage Applications For Refinancing Surge
Lower interest rates finally prompted a gain in mortgage applications. The Mortgage Bankers Association for total mortgage applications rose 6.9% w/w to 725.4 (55.2% y/y). The increase raised applications to the highest level in five [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 17 2012
German Financial Community Still Confident About Germany But Wary of the Euro Area
The results of the April ZEW survey for Germany were more up beat than had been anticipated. Among the 275 institutional investors and financial analysts who participated in the survey, the excess of optimists over pessimists [...]
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