US home value added 1.3% in April

Source: Marketwatch
US home prices surged 1.3% in April and posted the first monthly advance since autumn 2011. S&P/Case-Shiller index that encompasses 20 US cities added 1.3% with 19 cities out of 20 reporting gains. Home values declined only in Detroit. On yearly basis index has deteriorated from 2.6% to 1.9%. 
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Wed, 27 Jun 2012 07:55:19 GMT

US shares climb on housing data

US stocks appreciated on Tuesday supported by data which showed US home prices added 1.3% in April, the first gain since autumn 2012. S&P 500 surged 0.48% or 6.27 points and closed at 1,319.99. Dow Jones Industrial Average soared 0.26% or 32.01 points to 12,534.67 and Nasdaq Composite advanced 0.63% or 17.90 points settling at 2,854.06.

Wed, 27 Jun 2012 12:20:41 GMT

Retail sales tax could curb Japan's economic growth in 2014

Japanese PM Yoshihiko Noda may harm country's economic growth by allowing to implement higher sales tax. The drop in consumption is very likely even though tax increase will help to tackle nation's debt burden. The lower house of Japanese parliament yesterday approved a motion to lift sales tax from current 5% to 8% and then to 10%. Analysts warn the tax

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