US pending home sales advanced in May

Note: This section contains information in English only.
Source: Bloomberg
The sales of previously owned homes accelerated in May signalling improvements in US real estate market. The gauge measuring pending home resale added 5.9% to 101.1 and repeated a two year record high attained in March. The reading fell 5.5% in April. Analysts suggest low mortgage cost and cheaper real estate are likely to maintain consumer interest despite uncertainties in labour market.
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Thu, 28 Jun 2012 09:04:22 GMT

Gold eased down ahead of the EU summit

Gold futures inched down in Asian session on Thursday as traders are cautious ahead of the EU summit due to start later in the day. Comex gold futures for delivery in August traded at 1,577.35 US Dollars per troy ounce on the New York Mercantile Exchange, shedding 0.05%. Meanwhile, Comex silver September contract traded at 27.040 US Dollars per troy

Thu, 28 Jun 2012 08:31:22 GMT

Durable goods orders improved in May

US durable good orders recovered in May relieving worries the world's biggest economy is entering recession. Orders for goods supposed to last at least three years surged 1.1%, the first advance in four months. Stocks appreciated on better monthly reading. Orders posted a 0.2% decline in April. On a year to year basis durable goods orders have lost 6.8%. 

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