As many had expected the European Central Bank lowered the basic interest rate at 0.75%; the last time ECB had cut the rate was back in December by 0.25 percent points President of ECB, Mario Draghi also referred in the…
Today the U.S. Manufacturing ISM report came out; according to the recent update, the U.S. Manufacturing PMI index fell to 49.7% during June 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S. manufacturing…
Gold and silver prices changed direction and declined on Tuesday after they started off the week rising. Crude oil price (WTI) changed direction and edged up while Brent oil hiked and thus widen the gap between Brent and WTI. Natural…
According to the recent monthly report of the U.S. pending homes sales, which was published today June 27th by the National Association of Realtors, the real estate market has shifted again as pending home sales rose during May: the U.S.…
The U.S consumer confidence index declined again during June, after this index had declined during May. According to the latest U.S. consumer confidence survey, the consumer confidence index fell again in June compared with May’s index: The index reached in…
Today, the U.S. Census Bureau reported on the number of new homes sold in the U.S in May 2012: the number of new homes sales increased compared with the number of new homes sold during April 2012. According to the…
The U.S real estate market continue to dwindle as it was reported today that the U.S. existing homes sales rate declined during May 2012 by 1.5% (M-o-M); this news comes after it was reported last week that there was a…
Today, the sixth survey of 2012 for the Philly Fed Manufacturing Index for June came out: this survey estimates the U.S. manufacturing conditions that continued to contract during the month; the Philly Fed index fell from -5.8 in May to…
The Fed announced it will continue its operation twist in which the Federal Reserve will extend the average maturity of its holdings of securities. This operation twist was first started back in September and was suppose to end this month.…
According to the latest U.S. Census Bureau report about the new residential construction statistics for May 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends another mixed signal of the development…