U.S. new residential sales surge, yet are close to lowest in 2013

Note: This section contains information in English only.
Source: Reuters
© Scanpix/FP
Deals on newly built single-family houses advanced 7.9% in August reaching 421,000 units annualized, yet being around lowest in 2013. Increase in the sales met economists' expectations, but was not enough to balance out the sharp decrease experienced in July 2013. Alongside, new homes' inventory to be sold rose 3.6% last month compared to July attaining highest since March 2011. 
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Thu, 26 Sep 2013 06:36:03 GMT

Asian stocks drop as industry and health care companies shrink

Asian shares declined for the third straight session on Thursday snapping its largest monthly gain on the local index since January 2012, when the fall was led by health care and industrial sector companies. The MSCI Asia Pacific Index slipped 0.3% to 139.97 at 11:34 a.m. Hong Kong time and it advanced 7.8% in September by yesterday.

Wed, 25 Sep 2013 17:15:03 GMT

Pound reaches about eight-month high as retail sales increase

The U.K.'s currency has inched up 0.3% to $1.6046 getting close to the eight-month high amid increase in retail sales index. The diffusion index, the customer spending indicator, advanced to 34 compared to 27 in August, which signals improvements in the U.K. economy. Over last 6 months the Sterling gained 5.8% versus the greenback becoming the best performer so far.

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