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U.S. Durable Goods Orders Fall Less Than Expected in March
Demand for big-ticket items in the U.S. dropped less than economists were expecting in March, according to the U.S. Commerce Department on Friday. Durable goods orders excluding transportation posted a drop of 0.6% despite forecasts for a 1.2% decline…(read more) More: continued here
Continue reading...Friday’s Events: U.S. Durable Goods, New Home Sales, G7 Meets in Washington
24. April 2009
U.S. durable goods and new home sales are the main economic data releases of the day, as the G7 finance ministers meet in Washington D.C. At 8:30 a.m. EDT, the U.S. Department of Commerce will release its March durable goods report. Economists expect…(read more) More: continued here
Continue reading...U.S. New Home Sales Fall in March After Upward Revision to Previous Month
24. April 2009
New home sales in the U.S. fell slightly in March due to a strong upward revision to the previous month's figure, the Department of Commerce reported Friday. New home sales fell to an annualized pace of 356k, a 0.6% decrease from February, the report…(read more) More: continued here
Continue reading...U.S. Existing Home Sales Drop Beyond Expectations
24. April 2009
The U.S. housing market delivered bad news on Thursday, with existing home sales falling well below expectations in March and a downward revision to February's increase. Existing home sales contracted 3.0% in March against expectations for a 1.5%…(read more) More: continued here
Continue reading...U.S. Jobless Claims Either Stabilizing or Affected by Seasonal Factors, Economists Say
24. April 2009
Despite an expected rise in weekly U.S. initial jobless claims, some economists are encouraged by a continued drop in the four-week average of claims, which they say could suggest the end of the recession. Others say seasonal factors are continuing to…(read more) More: continued here
Continue reading...U.S. New Home Sales Will Likely Continue to Struggle
24. April 2009
Despite some signs of relief in the U.S. housing market, most economists foresee continued challenges for new home sales over the coming months. After unexpectedly rising 4.7% in February to 337k, economists expect new home sales in the U.S. to remain…(read more) More: continued here
Continue reading...Long Term Fixed Rates Drop Below ARMs
23. April 2009
Mortgage interest rates continued to inch downward during the week ended April 23 and long term fixed rates are now an out-and-out better deal than ARMs from day one. Freddie Mac's weekly Primary Mortgage Market Survey released this morning reported…(read more) More: continued here
Continue reading...Existing U.S. Home Sales Show a Bottom is a Long Way Off
23. April 2009
The drop in U.S. existing home sales in March indicates that the housing market is far from a bottom, economists say. Sales dropped more than forecast by 3.0% against a surprise 4.9% surge in February. Dimitry Fleming, an economist at ING, said Thursday's…(read more) More: continued here
Continue reading...Wednesday’s Events: Tsy’s Geithner, More Earnings
23. April 2009
The UK's budget, comments from Treasury Secretary Tim Geithner , and a bout of major earnings in the United States on Wednesday top the bill for the day's main economic events. At 7:30 a.m. EDT, UK Chancellor of the Exchequer Alistair Darling…(read more) More: continued here
Continue reading...Treasury Secretary Geithner Says World Needs U.S. to Recover
22. April 2009
U.S. Treasury Secretary Timothy Geithner said Wednesday that the U.S. bears the brunt of responsibility for causing the financial crisis, and that the country's economy needs to recover in order for the rest of the global economy to bounce back. Speaking…(read more) More: continued here
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24. April 2009
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