S&P index shows home prices post sixth straight month of year-over-year improvementSeptember 30th, 2009 Index shows home prices increase from June to JulyNEW YORK — A closely watched index of home prices shows year-over-year improvement for the sixth month in a row and prices in all 20 cities rose from June to July. The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 1.2 percent from June.
Treasury prices climb amid stock decline and as 7-year note auction comes in strongSeptember 24th, 2009 Treasurys rise amid stock slump, strong auctionNEW YORK — Treasury prices continued to climb Thursday as investors sold out of stocks and after strong demand at the government's latest debt auction. The price of the benchmark 10-year note rose 10/32 to 102 1/32 and its yield fell to 3.38 percent from 3.41 percent late Wednesday.
July construction spending falls, reflecting weakness in commercial and government projectsSeptember 1st, 2009 July construction spending slips in JulyWASHINGTON — The government says construction spending edged down slightly in July as weakness in nonresidential building and government projects offset the best showing for home building in 10 months. The Commerce Department said Tuesday that construction spending dipped 0.2 percent in July, worse than the flat reading that economists had expected.
Consumer sentiment improves more than expected; Home prices post 1st increase in 3 yearsAugust 25th, 2009 Consumer sentiment improves; Home prices riseWASHINGTON — Consumer sentiment rose more than expected in August, and home prices in a closely watched index posted their first quarterly increase in three years, more signs that the economy is on the rebound. The New York-based Conference Board says its Consumer Confidence index rose to 54.1 from an upwardly revised 47.4 in July.
Home sales up in Los AngelesAugust 19th, 2009 LOS ANGELES - The Los Angeles area saw a 22.6 percent rise in home sales in July, compared to the same month a year ago, a real estate information service has reported. The rise came as prices fell by 19.8 percent in the same period, the Los Angeles-based MDA DataQuick said.
Data show German consumer prices down 0.5 percent on year in JulyAugust 11th, 2009 German consumer prices down 0.5 pct in JulyBERLIN — Consumer prices in Germany dropped by 0.5 percent on the year last month, government data showed Tuesday — a slight revision from a preliminary estimate of a 0.6 percent fall. The decline was the first since March 1987, when prices were down 0.3 percent on the year.
Government reports China's exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 China's exports, imports fall sharply in JulyBEIJING — The decline in China's imports accelerated in July despite a rise in economic growth, while exports also fell more sharply amid weak global demand, data showed Tuesday. Imports fell 14.9 percent from a year earlier, compared with a 13.2 percent decline the previous month, the customs agency reported.
China's central bank says inflation might revive, promises to keep policy stableJuly 28th, 2009 China says inflation might revive in second halfBEIJING — Inflation in China might pick up in the second half of the year after a five-month decline in prices, the central bank said Tuesday. Economists have warned that Beijing's massive stimulus spending might ignite a rise in politically sensitive consumer inflation.
China's economic growth accelerates in Q2 as stimulus fuels factory output, consumer spendingJuly 16th, 2009 China's growth accelerates to 7.9 percent in Q2BEIJING — China's economic growth accelerated to 7.9 percent from a year earlier in the second quarter amid a stimulus-fueled surge in consumer spending, factory output and investment, the government reported Thursday. The growth rate for the world's third-largest economy was up from the previous quarter's 6.1 percent, the National Bureau of Statistics reported.
China says June lending surges to more than double May level amid stimulus spendingJuly 8th, 2009 China says June bank lending doubles from MayBEIJING — China's bank lending in June more than doubled from the previous month as Beijing's stimulus drove a surge in credit that has prompted concern about the possible impact of such a rapid increase. Chinese banks lent 1.5 trillion yuan ($220 billion) in June, the central bank reported on its Web site Wednesday.
Pending home sales rise for 4th straight month in May as low prices boost activityJuly 1st, 2009 Pending home sales up 4th straight month in MayWASHINGTON — A private group says pending home sales rose in May for the fourth straight month, fresh evidence that the housing sector may be recovering. The National Association of Realtors says that its seasonally adjusted index of pending sales increased by 0.1 percent to 90.7.
Oil drifts above $71 in Asia near 8-month high as investors eye inflation threatJune 19th, 2009 Oil drifts above $71 as investors eye inflationSINGAPORE — Oil prices hovered above $71 a barrel in Asia Friday amid concerns that massive U.S. fiscal spending will spark inflation down the road, making oil and other commodities attractive hedges.
Asian markets recover as oil prices hit new 2009 high near $71 a barrel; Tokyo up almost 2 pctJune 10th, 2009 Asian stocks rise as oil prices hit new 2009 highHONG KONG — Asian stock markets rose strongly Wednesday as oil prices touched a new 2009 high above $71 a barrel and fears of inflation eased in China. Major indexes gained 2 percent or more as buyers returned after two days of losing sessions.
China's May consumer prices fall for 4th month, giving Beijing more room for stimulusJune 10th, 2009 China's consumer prices fall for 4th monthBEIJING — Chinese prices fell in May for a fourth month as food and energy costs declined from last year's high levels, data showed Wednesday, giving Beijing a freer hand to carry out its huge stimulus plan. The consumer price index for May declined 1.4 percent from a year earlier, the National Bureau of Statistics reported.
China Shenhua Energy says 1Q profit up 17.2 pct, helped by higher prices, stimulus spendingApril 28th, 2009 China Shenhua Energy's 1Q profit up 17.2 percentSHANGHAI — China Shenhua Energy Co., the country's biggest coal producer, said Tuesday its first-quarter profit rose 17.2 percent, supported by higher prices and a revival in demand thanks to the government's economic stimulus spending. Net profit for January-March was 7.94 billion yuan ($1.2 billion), compared with net profit of 6.8 billion yuan in the same period of 2008.
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