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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.
WednesdayWS: Americans’ spirits rose this month after dipping earlier this spring, suggesting they remain confident in the economy despite rising inflation and stock-market gyrations. The Conference Board said Tuesday its index of consumer confidence rose 1.7 points from a month earlier to 128.7 in April. Confidence had dipped in March after hitting the highest level since 2000 in February.
TuesdayWS:Home-price gains were up more than expected at +6.8% in February, an up for the 70th-consecutive month, creating increasingly challenging conditions for buyers as interest rates also rise and inventory remains tight.
MondayWS:Sales of previously owned homes ticked up in March by +1.1%, from a month earlier, but were below year-earlier levels as tight inventory levels, rising mortgage rates and high prices made for a sluggish start to the spring selling season.
SundayBB: BB: U.S. President Donald Trump hailed “big progress” as North Korean leader Kim Jong Un pledged to halt nuclear testing, a largely symbolic gesture that appeared aimed at softening the ground for talks between the two leaders.
Economic Reports for the Week ending Friday April 27, 2018
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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