Written by Home sales probably plunged in July, and orders for long-lasting goods climbed for the first time in three months as the U.S. strained to sustain the recovery from the worst recession since the 1930s, economists said before reports this week. READ MORE »
Posts tagged home sales
Treasuries Rise, 10-Year Yield Drops to 19-Month Low on Signs of Slowdown
Treasuries gained, pushing the yield on the 10-year note to the lowest level in 19 months, as new home sales unexpectedly dropped in July to a record low and orders for durable goods rose less than economists forecast. READ MORE »
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment. READ MORE »
Stocks gain on prospect of Fed purchases
U.S. stocks advanced last week, sending the Dow Jones industrial average above 11,000 for the first time since the May 6 crash, on speculation the Federal Reserve will buy more debt to boost the economy. READ MORE »
U.S. recovery slowdown a ‘concern’: Carney
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy. READ MORE »