U.S. home prices rose most in 2 years

Source: Bloomberg
© Scanpix/Reuters
Standard & Poor's reported on Tuesday that its index of real estate prices in the U.S. gained the most in 2 years, adding to the signs of recovery of the economy. The S&P/Case-Shiller index of property values in 20 cities grew by 2% in August from a year earlier, compared to a 1.2% gain in the preceding month. Analysts expected a reading of 1.9%.
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Tue, 30 Oct 2012 19:15:59 GMT

European stocks rise on positive earnings

European stocks rebounded on Tuesday as traders cheered positive corporate earnings despite a pause in trading created by hurricane Sandy. The FTSE 100 added 0.93% to 5,848.74 points, the DAX 30 soared 1.10% to 7,282.12 points and the CAC 40 jumped 1.35% to 3,455.03. The IBEX 35 gained 0.99% to 7,805.10 points.

Tue, 30 Oct 2012 18:09:58 GMT

French stocks surged on Tuesday

French shares are trading sharply higher on Tuesday after the largest European companies reported upbeat quarterly results. Meanwhile, investors are cautious as US markets remained closed because of Hurricane Sandy. The CAC 40 Index surged 1.36% to trade at 3,455.50. All sectors included in the index jumped. The top-performers were oil and gas producers and basic materials companies. Technip and

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