This is a rise of 2.4% and marginally below expectations that stood on 5.06 million. For the whole year, we had a drop of 3.1% in existing home sales to 4.93 million.
This is a warning sign for the US economy. While existing home sales do not trigger the same kind of activity as new home sales, they are teh vast majority of transactions.
The CB leading indicator rose by 0.5%, more than 0.4% estimated.
EUR/USD extends its recovery to 1.1267. This is over 150 from the low point of the day but below the starting levels.
The US dollar has retreated from its highs against the euro and against other currencies, but has still gained a lot of ground
Earlier, Markit’s preliminary manufacturing PMI came out just below predictions, at 53.7 points instead of 54 expected.
The market is still digesting the massive QE program introduced by ECB president Mario Draghi.
