24 Jun 2014
US and European stocks mixed
FXStreet (Córdoba) - Stocks in Wall Street are mixed following economic reports in the US. In Europe main indexes recovered ground during the last hours and ended in mixed territory.
The FTSE 100 fell 0.20% while the Dax gained 0.17%; the Cac 40 rose 0.05%. Tensions in Iraq and German data with the IFO survey weight on stocks. In Wall Street the Dow Jones is falling 0.17% while the Nasdaq gains 0.42% and the S&P 500 is flat.
Regarding US economic data, new home sales jumped 18% in May, surpassing expectations; according to the Case-Shiller Home Price Index, prices are 10.8% higher from a year earlier, down from last month that was at 12.4%; on a monthly basis the index showed a 0.2% increase.
“A further slowdown of home prices in the coming months is likely as existing home sales are 5% lower than a year ago, even after yesterday’s uptick,” said Teunis Brosens, analyst at ING Bank NV.
The FTSE 100 fell 0.20% while the Dax gained 0.17%; the Cac 40 rose 0.05%. Tensions in Iraq and German data with the IFO survey weight on stocks. In Wall Street the Dow Jones is falling 0.17% while the Nasdaq gains 0.42% and the S&P 500 is flat.
Regarding US economic data, new home sales jumped 18% in May, surpassing expectations; according to the Case-Shiller Home Price Index, prices are 10.8% higher from a year earlier, down from last month that was at 12.4%; on a monthly basis the index showed a 0.2% increase.
“A further slowdown of home prices in the coming months is likely as existing home sales are 5% lower than a year ago, even after yesterday’s uptick,” said Teunis Brosens, analyst at ING Bank NV.