Home sales dip further as rates ease in May
Existing home sales slipped 1.2 percent to a seasonally adjusted annual rate of 3.29 million in May, while mortgage rates eased from 10.67 to 10.33 percent. The median price for existing homes was 94,800, with regional changes noted including a 1.7 percent rise in the West to 590,000 sales and a 0.8 percent gain in the South to 1.31 million units.
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National Association of Thaliers
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Grain futures tumble on mixed Board of Trade data
Chicago Board of Trade futures show mixed activity for Wheat Corn and Soybeans. Prices bounce between gains and losses as open highs lows and last figures display modest shifts with notable open interest changes and Friday sales totals.
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Chicago
Chicago Board of Trade
Market Decline Across Stocks and Commodities
New York stocks fell on rising interest rate concerns and weak earnings prospects. The Dow dropped 12.12 to 2845.05 as 1,049 issues declined, 496 advanced, and 460 held steady. NYSE volume totaled 133.1 million on the floor, with broader market indexes down. In Des Moines, Iowa, meat trade data showed mixed beef and pork movements and weak demand, with various carcass prices noted and overall slow movement in limited testing.
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Trade talks near finish for Structural Impediments Initiative
Japan and the United States opened a final round of talks in Tokyo on structural reforms to boost trade investment and living standards. Officials aim to finish a report before the July Houston summit, with disputes over Japan’s public works and land use.
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Tokyo
Japan
United States
Washington
Foreign Ministry
U.S
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