Home sales and goods orders estimated to rise

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Source: Bloomberg
Home sales and durable goods orders probably surged in July, showing the U.S. is rebounding from a second-quarter slowdown, analysts said ahead of upcoming reports. Combined purchases of existing and new homes are estimated to rise  to a 4.89 million annual rate, compared to 4.72 million in June. Orders for long-lasting goods are expected to increase the most in 2012.
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Mon, 20 Aug 2012 17:30:46 GMT

Copper declines on Eurozone worries

Copper tumbled amid disappointment over stagnation in solving the euro area debt crisis and worries that China, the world's major commodities consumer, will start a campaign to ease inflation in the metals-intensive property sector. On Monday, three-month copper traded at $7,423 per tonne in London, after advancing 1.2% to $7,539 on Friday.

Mon, 20 Aug 2012 17:08:45 GMT

Euro cuts rise as Budesbank sees risk in bond-buying plan

The Euro pared its gain versus the U.S. Dollar and fell against the Yen as Germany's Bundesbank announced government bond buying "entail significant stability risks." Europe's shared currency declined 0.1% to $1.2318, after a 0.3% gain. It dropped 0.2% to Y97.92, after an earlier 0.2% rise.

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