Excerpt from: Spread Betting North American Financial Markets
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| November 29, 2007 | | New home sales to continue to drop | Economic data continues to show that U.S. home sales are dropping, and this is contributing to a slowdown in the U.S. economy. Spread bets and CFDs on U.S. financial markets should consider that home sales will likely continue to affect the growth of the U.S. economy for a while. Reuters reports on U.S. home sales:
"In 2007 new home sales have already plunged 25 percent,"
said ING in a note to clients. "In the next few months, with
sales conditions unlikely to improve significantly if at all we
expect new home sales to reach fresh multi-years lows." | | |
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