Pending house sales increased more than expected in the US

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Source: Forexpros
US pending home sales rose more than initially expected last month, approaching the highest level in almost two years, according to industry data. The pending home index added 0.2% last month as compared to a 1.9% fall in December, reported the National Association of Realtors. Analysts predicted the sales to grow by 1.0% in January.


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Tue, 28 Feb 2012 08:48:14 GMT

EU demands more competition in the energy sector

The EC warned Cyprus, Spain, Bulgaria, Luxemburg, Romania, Estonia, Slovakia and the Netherlands to raise competition in the energy sector otherwise it will bring a case to the ECJ. The EC demands countries to separate energy generation and its distribution to stimulate competition in the sector. Warned countries have to meet requirements till 3 March.

Tue, 28 Feb 2012 10:00:27 GMT

European shares decline on G-20 announcement

European stock markets closed lower on Monday, pushed down by G-20 statement Euro Area should increase the financial fire-power by itself and only then call for more help. Nevertheless, losses were partly offset by better than expected pending home sales data in US. Stoxx Europe 600 index FTSE 100 each slipped 0.3%, German DAX fell 0.2% and French CAC 40 index tumbled

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