Investing.com UK - Financial Markets Worldwide
✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

U.S. pending home sales rise 3.4% in April

Published 28/05/2015, 15:02
© Reuters. U.S. pending home sales rise 3.4% in April
EUR/USD
-
GBP/USD
-
USD/JPY
-
US500
-
DJI
-
DX
-
GC
-
CL
-
IXIC
-

Investing.com - Pending home sales in the U.S. rose more than expected in April, boosting optimism over the health of the housing sector and supporting the case for a U.S. interest rate hike this year, industry data showed on Thursday.

In a report, the National Association of Realtors said its pending home sales index increased by a seasonally adjusted 3.4% last month, easily surpassing expectations for a gain of 0.9%.

Pending home sales in March rose by 1.2%, whose figure was revised up from a previously reported gain of 1.1%.

Year-on-year, pending home sales rose at annualized rate of 13.4% in April, blowing past forecasts for an increase of 10.2% and following a gain of 13.5% in February.

EUR/USD was trading at 1.0880 from around 1.0890 ahead of the release of the data, GBP/USD was at 1.5265 from 1.5286 earlier, while USD/JPY was at 124.31 from 124.33 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.63, compared to 97.61 ahead of the report.

Meanwhile, U.S. stock markets were lower after the open. The Dow 30 shed 0.45%, the S&P 500 dipped 0.4%, while the Nasdaq Composite fell 0.45%.

Elsewhere, in the commodities market, gold futures traded at $1,182.60 a troy ounce, compared to $1,182.30 ahead of the data, while crude oil traded at $57.72 a barrel from $56.81 earlier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.