U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening. Real estate data provider CoreLogic said Tuesday that home prices rose from a year ago in 48 states. They fell only in Delaware and Alabama. […]
Author: InvestAdvocate
Oil above $98 as protests rock Egypt government
The price of oil advanced past $98 a barrel Tuesday, underpinned by political unrest in Egypt that raised fears of disruption to global crude supplies. By early afternoon in Europe, benchmark crude for August delivery was up 37 cents to $98.36 a barrel in electronic trading on the New York […]
FOREX-Dollar near 4-week high, Aussie tumbles on RBA
* Dollar supported by expectations of Fed’s eventual exit from QE * Euro off low after euro zone PMI shows broad improvement * Yen broadly softer after improved global risk sentiment * Aussie falls after RBA says it is still high The dollar held firm near four-week highs against […]
