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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: The May pickup in sales of previously owned U.S. homes of +1.1%, signals the housing market is making progress despite inventory constraints that are sending prices to all-time highs. Median sales price rose 5.8% y/y to record $252,800 as inventories fell 8.4% from May 2016
TuesdayGallup: Americans' confidence in the economy remained at the same modest level last week as it has since early May, with Gallup's U.S. Economic Confidence Index averaging +3.
BB: Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage.
R: Japan's Nikkei jumped to a near two-year high on Tuesday and European stock markets built on their biggest one-day gain in two months as central bankers gave a tempered message about growth and the chances of rises in interest rates.
MondayR: President Donald Trump will meet with the chief executives of technology companies including Apple Inc and Amazon.com Inc on Monday as the White House looks to the private sector for help in cutting government waste and improving services.
Economic Reports for the Week ending Friday June 23 2017
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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