Huge beat for US pending home sales, rising 6.7 per cent in May from -0.5 per cent (revised from 0.3 per cent) last month. Economists had expected a rise of just 1.0 per cent.
Pending home sales are up 12.1 per cent in the year to May, from 10.3 per cent previous.
Blowout US Pending Home Sales & Fed Dudley says QE3 could be extended. Taper vs untaper— Mike van Dulken (@Accendo_Mike) June 27, 2013