Written by Purchases of new homes in the U.S. jumped in April to the highest level in two years as buyers rushed to qualify for a government tax credit before it expired at the end of the month. READ MORE »
Posts in category Financial Markets
FOREX-Euro nears 4-year low as China reviews holdings
* China reviewing euro zone debt holdings — FT
* Euro sentiment negative; contagion risk remains in focus
* U.S. durable goods orders, new home sales rise in April (Updates prices, adds comment) READ MORE »
Euro Rises for Second Day on Speculation Short Traders Exiting
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. READ MORE »
Euro Falls, Heads For Monthly Loss, on European Debt Concern
The euro declined, headed for a sixth monthly loss against the dollar, amid concerns European measures to reduce fiscal deficits and contain the region’s sovereign debt crisis will undermine the global recovery. READ MORE »
Euro-zone troubles may keep stocks on edge
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again. READ MORE »