Excerpt from: US Markets
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| February 17, 2010 | | Spread betting and contracts for differences on U.S. markets | Spread bets and CFDs on U.S. markets should consider that housing starts increased in January. The news is good, but tempered by the fact that building permits fell. It appears, though, that progress is being made on the housing front.
BusinessWeek reports on the pace of the housing market recovery:
“We’re in a slow and steady progress phase of the
housing recovery,” said Aaron Smith, a senior economist at Moody’s
Economy.com in West Chester, Pennsylvania, who forecast new-home
construction would increase to a 590,000 pace. “The trend will be
upward, but it’s going to be a bumpy path higher.”
The news is good enough, though, to give a boost to the U.S. stock market in early trading. Also helping is the fact that sovereign debt fears are easing.
| Topic Tags: building permits, CFDs, contracts for differences, housing starts, spread bets, spread betting, U.S. markets | |
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