It was a good Wednesday on the stock exchanges in New York, and extremely strong housing numbers are used.
housing sales in the United States was in fact expected in August. And up it went, to speak.
Figures from the American authorities revealed Wednesday that sales of new homes in the United States jumped 18.0 percent in August to a seasonally adjusted annual rate of 504,000 devices.
It was, according to our macro calendar expected 4.4 percent increase, to an annual rate of 430,000 units sold.
According to CNBC’s August to increase the biggest one-month since January 1992 .
This popped Dow Jones up 0.9 percent, the S & amp; P 500 had an upturn of 0.8 percent and the Nasdaq ended up just over 1 percent.
Tougher times in Europe
The European Central Bank chief Mario Draghi has today repeated its intention to run a loose and loose monetary policy as long as it takes to push the ultra low inflation up to nearly 2.0 percent.
It helped rally New York.
Yesterday’s weak PMI numbers in the euro zone, not to mention today’s disappointing IFO index from Germany, the fact that investors expect continued stimulus measures from ECB, writes CNBC.
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