Daily
Market Color
06/25/2013
Economic
Reports & Headlines
France was the first country to
release a report for the day. The French Business Climate Indicator for June
came in line with Econoday’s consensus at 93. The report gauges sentiment among
French business leaders.
Retail sales for Italy in April
decline for the eight consecutive month. The report came in line with
expectations by declining 10 basis points on a month over month basis.
On the domestic front, US durable
goods beat consensus by a slim margin for the month of May, 3.6% Vs 3.3%. The
figure was buoyant when you take transportation out of the equation, 0.7% Vs
(-0.1).
The S&P Case-Shiller home
price index for April beat consensus on a month over month basis, 1.7% Vs 1.5%.
The West held most of the gains.
New home sales in the US for May
beat Econoday’s consensus, 476k Vs 460k. The number came in stronger than
April’s reading as well.
Consumer confidence for June came
in higher than anyone expected and this reading marked a new recovery high,
81.4 Vs 75.0.
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