US equities rise despite weak New Home Sales

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US equities rise despite weak New Home Sales

FITITOL--> FXstreet.com (Barcelona) - New Home Sales in February have plunged by -7.1%, while general consensus pointed to a 2.2% growth. Despite bad data, US equities are edging higher also buoyed by rising Richmond Fed manufacturing index from 7 to 14 in April. The SP 500 and the Dow Jones 30 are up by 0.40%, while Nasdaq 100 loses -0.10%.

In Europe, the German DAX 30 rises by 0.13% and the French CAC 40 soars by 1.36%, similarly to the Italian FTSE MIB and Spanish IBEX 35, by 1.45% and 1.58%. The EFSF is successfully selling 7-year bonds and ECB’s officials have been commenting about the European stability when compared to the month of November.

Crude oil is up by 0.61% at $103.72. Gold trades 0.38% higher, at $1644.