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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
WednesdayBB: Sales of new U.S. homes unexpectedly plunged 14.5% in March to 348,000 annualized rate and to the lowest level in eight months, reflecting a broad-based retreat that signals the industry is facing bigger challenges than just bad weather.
BB: China’s April preliminary PNI was as expected at 48.3 vs March 48.0, suggesting the economy has yet to respond to policy makers’ stimulus efforts.
TuesdayBB: Sales of previously owned homes fell in March for the third consecutive month to 4.59 units, as rising prices and cold weather discouraged would-be buyers.
Gallup: Gallup's Economic Confidence Index averaged -15 for the week ending April 20. This is consistent with the previous three weekly readings.
MondayGallup: Americans continue to say they prefer saving money (62%) to spending it (34%). The gap between saving and spending is one of the widest since Gallup first asked the question in 2001.
BB: Japan's lower than expected exports of +1.8% coupled with a +18.1% increase in imports, spurred a wider-than-forecast March trade deficit, adding to challenges for Prime Minister Shinzo Abe in steering the economy through the aftermath of an April 1 sales-tax rise.
Economic Reports for the Week ending Friday - April 25, 2014
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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