US housing starts increase more-than-expected in April

Source: Reuters
In the United States, housing starts grew 6.6% to a 1.17 million-unit pace on a seasonally adjusted basis in April, according to the Department of Commerce. In the meantime, March's housing starts were revised up from the originally reported 1.09 million pace to 1.10 million-unit pace. Analysts surveyed by Reuters expected the 1.13 million-unit pace in April.
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Tue, 17 May 2016 14:38:06 GMT

US equities open with losses on Tuesday

The major US stock markets opened Tuesday's trading session in red, following yesterday's successful closing. The Standard and Poor's 500 Index lost 0.14%, opening at 2,063.73 points, whereas the Dow Jones Index dropped 0.09%, starting at 17,694.41, and the Nasdaq Composite Index declined 0.12% to 4,769.73 points.

Tue, 17 May 2016 13:48:08 GMT

April's US CPI posts largest gain since 2013

The US Department of Commerce reported that consumer prices jumped 0.4% month-over-month in April, surpassing the 0.3% forecast and following the 0.1% increase seen in March. That was the biggest gain since February 2013. Meanwhile, on an annual basis, the CPI increased 1.1%, in line with market expectations and following March's 0.9% rise.

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