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Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
Nov. 23 (Bloomberg) -- European stocks surged the most in five weeks as data on the region’s services and manufacturing industries and U.S. home sales added to signs the economic recovery is strengthening.
Nov. 23 (Bloomberg) -- Stocks rose around the world, commodities advanced and the dollar and the yen fell as sales of U.S. homes increased more than forecast and speculation grew that central banks will keep interest rates near record lows.
Nov. 23 (Bloomberg) -- The dollar fell the most in two weeks against the euro after President James Bullard of the Federal Reserve Bank of St. Louis said policy makers should keep stimulus measures in place beyond March.
Nov. 23 (Bloomberg) -- German stocks climbed the most in a month as reports showed sales of existing U.S. homes jumped to the highest level since 2007 and European services and manufacturing industries expanded.
World markets rose sharply Monday amid further hopeful signs about the global economic recovery. Commodity stocks led the charge, particularly in London, after gold hit another record high.
The federal government said Monday that it has found a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year.
The safe-haven dollar began the week lower as a Federal Reserve official urged the continuation of stimulus programs and as home sales in October greatly exceeded market expectations, revving up traders' taste for higher-yielding assets.
Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
Retail gasoline prices headed downward to begin one of the country's busiest travel weeks, with more than 33 million people expected to hit the road for the Thanksgiving holiday.
A weaker dollar and better-than-expected data on the housing market sent investors moving back into stocks Monday after a three-day losing streak.
Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
Nov. 23 (Bloomberg) -- European stocks surged the most in three months as data on the region’s services and manufacturing and U.S. home sales added to indications the economic recovery is strengthening.
Nov. 23 (Bloomberg) -- German stocks climbed for the first time in three days as reports showed sales of existing U.S. homes jumped to the highest level since 2007 and European services and manufacturing industries expanded.
Nov. 23 (Bloomberg) -- Treasuries fell as stocks gained after a report showed existing home sales rose to the highest level in more than two years in October and as the U.S. prepared to sell $44 billion of two-year notes.
