U.S Existing Home Sales Increased in November 2011

The U.S existing homes sales rate continue to rally and slightly rose in November 2011 by 4%; this news coincides with the recent sharp gains in the housing starts, which was announced yesterday.

According to the recent report of the Realtors’ organization, the annual rate of US existing home sales inclined in November compared with October’s annual rate. The seasonally adjusted annual rate reached 4.42 million home sales in November compared with an annual rate of 4.25 million home sales in October 2011, a 4% increase (M-2-M), and 12.2% above the 3.94 million annual rate of home sales in November 2010.  This news may slightly curb the current falls in the U.S. stocks:

Currently, the major American stock indexes are declining: the S&P500 index is falling by 0.80%, the Dow by 0.66%, and the NASDAQ by 2.03%. Major commodities are also traded with mixed trends:

Current gold price, short term futures (January 2012 delivery) is traded at $1,613 per t oz. a $4.1 decrease as of 17:08*.

Euros to US dollar exchange rate is currently traded up at 1.3053 a 0.2221% decrease as of 17:18*.

Current Nymex crude oil price, short term futures (January 2012 delivery) is traded up by 1.14% to $98.35 per barrel as of 17:15*.

(* GMT)

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