Thursday, 26 December 2013

US durable goods orders jump, new home sales near 5-year high

There were no major economic data on Wednesday but on Tuesday, US economic data had brought some cheer for the festive season.

Durable goods orders jumped 3.5 percent in November. Non-defense capital goods orders excluding aircraft surged 4.5 percent, the largest increase since January, and snapped two consecutive months of declines.

Another report on Tuesday showed that new home sales fell 2.1 percent in November. However, October's sales were revised to show a 17.6 percent surge to the highest level since July 2008.

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