Wednesday 25 June 2014

US home sales jump, consumer confidence rises

US economic data on Tuesday were mostly positive.

The S&P/Case-Shiller composite index of house prices in 20 metropolitan areas rose just 0.2 percent in April but new home sales jumped 18.6 percent in May to the highest level since May 2008.

The Conference Board reported that its consumer confidence index rose to 85.2 in June, the highest reading since January 2008, from 82.2 in May.

However, in Germany, Ifo's business climate index fell to 109.7 in June from 110.4 in May.

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