Wednesday, 20 February 2013

US homebuilder confidence falls, German investor confidence rises

Economic data on Tuesday were mixed.

In the US, homebuilder confidence dipped in February. The National Association of Home Builders/Wells Fargo housing market index fell to 46 this month from 47 in January.

However, in Germany, the ZEW's index of investor sentiment rose to 48.2 in February, the highest since April 2010, from 31.5 in January.

This follows a report released on Monday where the Bundesbank said that it expects Germany to return to growth this quarter.

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