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US home prices climb in April WASHINGTON: US home prices climbed in April but gains moderated at the start of the spring home-buying season, according to the S&P/Case-Shiller index published Tuesday.Although the 20-city price index rose 1.1 percent in April, following a 0.9 percent rise in March, the year-over-year price gains advanced 4.92 percent, a slightly slower pace than in the prior month."Home prices continue to rise across the country, but the pace is not accelerating," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.Nine cities had accelerating price increases, while gains slowed in 11 cities, including Boston and Miami.Denver and San Francisco showed the strongest year-over-year gains, with prices up 10.3 percent and 10.0 percent, respectively."Recent housing data is positive. Sales of new and existing homes are rising in recent reports and construction of new homes enjoyed strong gains in May," Blitzer said.Ian Shepherdson of Pantheon Macroeconomics said ...

US consumer confidence brightens again in June WASHINGTON: US consumer confidence grew stronger in June, building on a small rise in May as consumers saw improving economic conditions and jobs market, the Conference Board said Tuesday.The Consumer Confidence Index rose to 101.4 from 94.6 in May, matching its recent peak reading in March."Overall, consumers are in considerably better spirits and their renewed optimism could lead to a greater willingness to spend in the near-term," said Lynn Franco, director of economic indicators at ...
Canada economic growth disappoints at start of 2nd quarter OTTAWA: Canadian economic growth unexpectedly edged down in April, hurt by a decline in activity in the mining and oil and gas extraction industry, data from Statistics Canada showed on Tuesday, boding poorly for an anticipated pick-up in growth in the second quarter. The country's gross domestic product fell 0.1 percent in April from the month before, short of analysts' expectations for a gain of 0.1 percent.The decline marked a disappointing start to the quarter ...
Moody's raises Iceland's credit rating REYKJAVIK: Rating agency Moody's has raised Iceland's credit rating by a notch to Baa2, the government said in a statement on Tuesday after its decision to lift capital controls was welcomed.Iceland's rating, accompanied by a "stable" outlook, is now two steps above "speculative.""The gradual removal of the capital controls and the reduction of the external and economic vulnerabilities posed by the failed banks' estates constitute a significant milestone in Iceland's recovery and represent important upside ...
Eurozone inflation slows to 0.2pc, unemployment stable BRUSSELS: Inflation in the eurozone slowed to 0.2 percent in June, official data showed on Tuesday, with consumer prices rising just slightly in Europe despite unprecedented stimulus measures by the European Central Bank.In May, the index had risen by 0.3 percent, with plummeting energy costs once again affecting the cost of living in the 19-nation currency union, the EU statistics agency Eurostat said.Unemployment remained stable at 11.1 percent in May compared to April, Eurostat said, ...
German retail sales rise 0.5pc in May: data FRANKFURT: German retail sales, a closely watched measure of household confidence, rose in May, official data showed on Tuesday.Retailers' sales increased by 0.5 percent in May compared with April, the federal statistics office Destatis said in a statement.The previous month, retail sales had risen by 1.3 percent. On a 12-month basis, however, business declined, slipping by 0.4 percent in May compared with the same month last year, the statisticians calculated.That was because there were two ...
China media group to sponsor key PMI economic indicator BEIJING: Chinese media group Caixin will take over sponsorship of a key economic indicator previously funded by British banking giant HSBC and which has frequently contradicted official figures, it said Tuesday.The China Purchasing Managers' Index (PMI), compiled by financial information services provider Markit, tracks activity in factories and workshops and is a closely watched barometer of the health of manufacturing in the world's second-biggest economy.The release will be renamed the Caixin China PMI and will ...

 



 
Index Closing Chg%
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Arrow S&P 2,057.64 2.09
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Arrow DAX 11,083.20 3.56
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln