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Shares rally, dollar gains as U.S. data buoys markets

From reuters.com

Global equity markets and the dollar rose on Tuesday after U.S. economic data ranging from manufacturing and housing to consumer confidence delivered a dose of optimism to investors rattled in recent days by worries over Federal Reserve policy. Orders for durable goods rose more than expected in May and a gauge of planned business spending gained for a third straight month, while prices of single-family homes posted their biggest rise in seven years in April. Also on Tuesday, the Conference Board, a private business research group, reported that its U.S. consumer confidence index rose in June to 81.4, well above ... (full story)

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