Check put this news:
US Economy Fears To Continue
Confidence in the US economy will remain very fragile in the short term with further concern that housing-sector weakness will push the economy as a whole towards recession and pressure for a Fed rate cut will continue.
The dollar dipped sharply on Friday with low around 1.3680 as an improvement in risk tolerances helped push the US currency weaker. After limited gains on Monday, with trading volumes hampered by the UK market holiday, this trend continued in Europe on Tuesday with the dollar gaining to 1.3635 against the Euro as investors were more cautious over global risk, but the US currency was unable to make much headway.
In Monday's report, existing home sales weakened marginally over the month to an annual rate of 5.75mn, the lowest level since late 2002. Prices also held firm, but inventories rose to a 16-year high. Although the data may ease immediate fears slightly, there will be persistent concerns over an underlying deterioration, especially as sub-prime turmoil will damage the wider market due to tighter lending standards. In this context, the increase in inventories is of particular concern.
Investica
http://www.investica.co.uk
US Economy Fears To Continue
Confidence in the US economy will remain very fragile in the short term with further concern that housing-sector weakness will push the economy as a whole towards recession and pressure for a Fed rate cut will continue.
The dollar dipped sharply on Friday with low around 1.3680 as an improvement in risk tolerances helped push the US currency weaker. After limited gains on Monday, with trading volumes hampered by the UK market holiday, this trend continued in Europe on Tuesday with the dollar gaining to 1.3635 against the Euro as investors were more cautious over global risk, but the US currency was unable to make much headway.
In Monday's report, existing home sales weakened marginally over the month to an annual rate of 5.75mn, the lowest level since late 2002. Prices also held firm, but inventories rose to a 16-year high. Although the data may ease immediate fears slightly, there will be persistent concerns over an underlying deterioration, especially as sub-prime turmoil will damage the wider market due to tighter lending standards. In this context, the increase in inventories is of particular concern.
Investica
http://www.investica.co.uk
Hello World
:
