Pending Home Sales slide in June

Note: This section contains information in English only.
Source: Bloomberg
Contrary to expectations of a 0.5% climb in pending home sales, the number of new contracts signed by homebuyers turned out to be disappointing, as the data revealed a 1.1% drop. On a year-on-year basis, pending home sales dropped by 4.5%. Limited access to credit and the slower growth of wages are restraining potential homebuyers, causing the housing recovery to slow down.
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Tue, 29 Jul 2014 08:35:09 GMT

Asian shares reach six-year high

Asian stocks were up for the day and sent the benchmark of the regional index to its highest in six years. The MSCI Asia Pacific Index rose by 0.3% and the HSI reached its highest levels since November 2010. As there are holidays in South-East Asian countries and India the markets there were closed and there were no new developments in those regions.

Mon, 28 Jul 2014 14:55:10 GMT

US Preliminary Services PMI beats forecast

Analysts had forecast a drop in flash services PMI to 59.8. However, the release revealed that the activity in the services sector did not change, remaining at 61.0. On the other hand, analysts had forecast the non-manufacturing sector to remain unchanged, though the data turned out as a reduction from 56.3 to 56.0. The final release for services PMI is

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