US new home sales reach 2-year high

Note: This section contains information in English only.
Source: Marketwatch
Sales of new homes in US surged in May attaining a 2-year record high to annual 369,000, Commerce Department said on Monday. Economists questioned by Marketwatch predicted a slower improvement to 348,000. The median home price declined by 0.6% to USD 234,500 in previous month. Despite sharp increase US new home sales are still well below the normal level. 
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Tue, 26 Jun 2012 07:37:20 GMT

US shares tumble on fresh European fears

US equity markets experienced downward path on Monday weighed down by negative news from Europe as Moody's downgraded Spanish banks and Merkel's speech raised concerns EU summit will not bring any particular solution to debt woe. Better than expected new home sales sent building shares higher but did not manage to break overall negative trend. S&P 500 index fell 1.6%

Tue, 26 Jun 2012 07:11:15 GMT

Loonie drops on worries officials won't be able to end crisis

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