Eurostat, the European Union's statistical office, said Greece was sporting more debt than previously estimated. It's feared that bail-out negotiations could take over a week, furthering the uncertainty
New economic data was mixed.U.S. initial jobless claims fell 24,000 to 456,000 in the latest week. The decline was in line with expectations, but fell short of signaling an improving job market. Jobless claims continue to be stubbornly high, despite signs the economy is growing.
The producer price index rose a more-than-expected 0,7%, but core wholesale inflation rose, which excludes volatile food and energy prices, only gained an expected 0.1%. The 0.1% core increase helps justify continued low rates from the fed.
Existing-home sales were up slightly more than expected, rising 6.8% to a 5.35 million annual rate. National Association of Realtors chief economist Lawrence Yun credited the government's tax credit program for driving gains.
(too me, it’s really good, but some others said it’s mixed)
0 comments:
Post a Comment