U.S. stocks tumbled on weak data

Note: This section contains information in English only.
Source: Reuters

The U.S. markets dropped on Monday after weak U.S. new home sales data and disappointing revenues from Apple, despite the fact Caterpillar and Boeing reported on stronger than it was predicted earnings.  The S&P 500 Index tumbled 0.07 per cent, to 1,337.32; the Nasdaq Composite Index erased 0.28 per cent, to 2,855.06, while the Dow Jones Index edged higher 0.41 per cent, to 12,669.43.

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Thu, 26 Jul 2012 06:33:37 GMT

U.S. new-home sales drop

U.S. new-home sales declined in June following a jump to two-year high in May, indicating uneven housing recovery. Purchases drop 8.4% from the prior month to a 350,000 annual rate, the Commerce Department reported. Slow progress in labour market as well as lack of inventory is depressing purchases even though mortgage rates and prices remain attractive.    

Thu, 26 Jul 2012 16:45:37 GMT

Euro edged higher on ECB official's comments

The single currency pushed higher versus the greenback after ECB policy maker showed the positive sight of Eurozone's permanent rescue fund application for a banking license. Soon after the announcement, the Euro jumped 0.54 per cent to $1.2131, compared to yesterday's $1.2066. The ICE dollar index erased 0.36 per cent to 83.718, while more advanced WSJ Dollar Index declined by 0.24 per cent to 72.57.

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