American home prices increased by 7.3% in Q2

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Source: Marketwatch
U.S. home prices jumped 7.3 per cent in the second quarter, posting the strongest rise since 2006. Another sign that the U.S. property market is growing, is the rise by 75% of local markets. Despite the increase in prices, sales of homes tumbled by 0.7 per cent.  The increase of prices can be mostly explained by  drop in sales of lower-priced homes.
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Thu, 09 Aug 2012 17:46:16 GMT

Euro lost ground on Thursday

On Thursday, August 9, the single currency lost ground versus its major peers, as the ECB's report signaled the further economic contraction, even worse, than it was predicted earlier. The Euro erased 0.5 per cent to $1.2303 during today's New York trading session. The single currency weakened against the Yen as well, with losing 0.1 per cent to 96.84 per yen.  At the same time, the

Thu, 09 Aug 2012 17:24:16 GMT

U.S. trade gap tumbled to $42.9 billion

As Commerce Department's report showed, the U.S. trade deficit tumbled by 10.7 per cent to $42.9 billion in June, from $48.0 billion in the month earlier. Meanwhile, it is the biggest improvement of a trade gap since February. As the gap narrowed, the boost for GDP growth should be provided.  At the same time, the number of filed jobless claims declined by 6,000 to 361,000

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