Pending US home contract signings dip from May high
Pending home sales eased 0.4 percent in June to 110.9 after May’s revised 111.3 peak, signaling possible stabilization as higher mortgage rates slow increases. Signings were 10.9 percent above a year earlier, with regional variations noted.
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Greece urges growth oriented policies amid bailout scrutiny
Greek Prime Minister Antonis Samaras pressed European leaders to combine reforms and deficit cuts with growth to revive the economy as Greece faces continued recession. He warned that without eurozone-wide recovery, Greece cannot grow while Europe remains in recession.
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Oil holds near 105 as Fed policy awaited and supplies eyed
Oil steadies around $104.93 a barrel in New York while Brent rises to $107.45 as traders await a Federal Reserve policy decision and data on oil supplies. The national gas price slips to $3.63 a gallon. wholesale gasoline remains $3.00. heating oil at $3.02. natural gas down to $3.44 per 1,000 cu ft.
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