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Feb 26, 2013

U.S. home prices cap year with biggest rise since 2006

NEW YORK, Feb 26 (Reuters) – U.S. home prices closed out
2012 with the biggest annual gain in more than six years while
sales of new homes spiked in January, the latest sign that the
long-suffering housing market was on the mend, data showed on
Tuesday.

American consumers, meanwhile, grew more optimistic in
February as the prior month’s worries about a broad tax increase
faded.

Feb 15, 2013

Foreign demand for US assets rises in December: Treasury

NEW YORK (Reuters) – Foreigners continued to pour into long-term U.S. assets as 2012 wound down, with demand rising for both government bonds and equities, the U.S. Treasury said on Friday.

Overseas investors bought $64.2 billion of long-term U.S. securities in December, the most in four months, after buying$52.4 billion the prior month.

Feb 15, 2013

Foreign demand for US assets rises in Dec-Treasury

NEW YORK, Feb 15 (Reuters) – Foreigners continued to pour
into long-term U.S. assets as 2012 wound down, with demand
rising for both government bonds and equities, the U.S. Treasury
said on Friday.

Overseas investors bought $64.2 billion of long-term U.S.
securities in December, the most in four months, after
buying$52.4 billion the prior month.

Feb 12, 2013

Italy finance minister says officials committed to market exchange

NEW YORK (Reuters) – Italian Finance Minister Vittorio Grilli said on Monday that there is strong support from the Group of Seven for market-determined currency rates, a comment that comes amid suspicion that some countries are acting to depress their currencies in order to boost their economies.

The G7 leading industrialized nations are considering issuing a statement this week reaffirming their commitment to “market-determined” exchange rates in response to talk of a currency war, two G20 officials said earlier on Monday.

Feb 11, 2013

Italy’s Grilli: officials committed to market exchange

NEW YORK (Reuters) – Italian Finance Minister Vittorio Grilli said on Monday that there is strong support from the Group of 7 for market-determined currency rates, a comment that comes amid suspicion that some countries are acting to depress their currencies in order to boost their economies.

The G7 leading industrialized nations are considering issuing a statement this week reaffirming their commitment to “market-determined” exchange rates in response to talk of a currency war, two G20 officials said earlier on Monday.

Feb 6, 2013

Analysis: U.S. data, earnings suggest “fiscal cliff” fears overhyped

NEW YORK (Reuters) – Jon Najarian’s no wimp. He’s taken his shots more than once during three decades playing the U.S. stock and options markets and before that as a college football player. So he doesn’t scare easily.

But when Congress seemed hell-bent on running the economy over the much-ballyhooed “fiscal cliff” at the end of last year, Najarian finally got skittish.

Feb 6, 2013

US data, earnings suggest ‘fiscal cliff’ fears overhyped

NEW YORK, Feb 6 (Reuters) – Jon Najarian’s no wimp. He’s
taken his shots more than once during three decades playing the
U.S. stock and options markets and before that as a college
football player. So he doesn’t scare easily.

But when Congress seemed hell-bent on running the economy
over the much-ballyhooed “fiscal cliff” at the end of last year,
Najarian finally got skittish.

Feb 5, 2013

U.S. service sector grows, Europe more optimistic

NEW YORK (Reuters) – The vast U.S. services sector expanded against last month, extending a three-year run of growth, while European business optimism hit an eight-month high, suggesting the euro zone economy was starting to recover.

Rising corporate confidence also helped China’s services sector grow at its quickest pace in four months, providing more evidence of a gradual rebound in the world’s second largest economy.

Feb 1, 2013

U.S. manufacturing surges, Chinese recovery more modest

NEW YORK/LONDON (Reuters) – U.S. manufacturing growth quickened in January and hiring across the economy increased in late 2012, but Chinese factories only managed a slight rebound as the new year began, suggesting that world economic growth remains sluggish.

The euro zone economy, meanwhile, likely contracted again at the end of last year, though surveys on Friday suggested the worst of the region’s downturn may be over.

Jan 24, 2013

China, US manufacturing jumps, Europe nearer recovery

NEW YORK/LONDON (Reuters) – Manufacturing in China and the United States grew this month at the fastest pace in about two years while data suggesting German growth picked up boosted hopes for a swifter euro zone recovery.

The business surveys released on Thursday provided tentative signs that the world economy may be gaining traction after a sluggish 2012. Crucially, there were hopeful signals coming from the United States and China, the world’s top economies.