Spreadex Market Update
U.S. on right track
Continuing improvements in the US housing market, in the form of existing home sales, briefly lifted the markets although the general risk-off and profit taking attitude of today soon gained control again.
The improving housing and construction sector is another piece of evidence that the US is on the right track although market spectators will be looking closely for signs of the deteriorating economic picture in Europe affecting the progress in the states.
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