U.S. existing home sales reach 3-year high in February

Source: RTT News
U.S. existing home sales increased modestly below initial forecast in February reaching the highest level since November 2009, a data released by the National Association of Realtors reported on Thursday. The reports said that existing home sales moved up by 8.0% to 4.98 million in February from January's 4.94 million, while economists expected jump to 5.01 million.

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Thu, 21 Mar 2013 18:40:13 GMT

U.K. equities down for a fifth day

U.K. equities dropped for a fifth consecutive day for a longest streak of losses in 10 months as manufacturing in the Eurozone shrank, indicating that U.K.'s largest trading partner faces difficulties to rebound from economic recession. The FTSE 100 Index retreated 0.6%, or 55.79 points, to 6,392.90 at 16:53 in London. All but two sectors posted losses. Eurasian Natural Resources

Thu, 21 Mar 2013 19:13:09 GMT

U.S. jobless claims rise last week; trend suggests improvement in labour market though

The total number of people applying for jobless benefits in the world's largest economy increased last week, however a trend gauge fell to the lowest level in a five-year period suggesting an improvement in the labour market, the Labor Department reported on Thursday. Initial unemployment claims added 2,000 to 336,000 as expected, while 4-week moving average for claims dropped by

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