House-building in U.S. declines to the lowest in a year

Note: This section contains information in English only.
Source: Bloomberg
Housing starts in the U.S. unexpectedly decreased in June to the lowest since August 2012. Number of construction starts dropped 9.9%, a larger decline than any expert expected. The decline in activity in June came even as home builders sentiment index increased from 51 to 57 in July, a seven-year high. The rate for a 30-year mortgage advanced 4.51%.
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Wed, 17 Jul 2013 15:38:06 GMT

U.S. equities climb after Bernake's speech

U.S. equities increased after Fed Chairman Bernanke commented that bond purchasing has not been on a preset plan. The S&P gauge advanced 0.2% to 1,680.36 as of  9:30 a.m. New York time. Ben S. Bernanke revealed that the Federal Reserve is willing to keep flexibility in its monetary policy and will respond to economic data.

Wed, 17 Jul 2013 15:09:04 GMT

Fed intends to reduce stimulus, but depends on economic developments

Ben Bernanke, the Chairman of the Federal reserve, revealed today the Fed still has intention to begin reducing its QE programme later this year, yet he left open the possibility of alternating the plan if economic projections changed. The Chairman said economic recovery is improving steadily due to stronger housing sector, and he pointed out that risks associated with the

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