The numbers coming from the United States give a further boost to the European Stock Exchanges, which accelerate upwards after the positive start of Wall Street. In Milan, the Ftse Mib now gains 1,81% while the Ftse All Share gains 1,62%.
Investors especially like the data relating to existing home sales in the US in June, which grew by 2,6% on the month, slightly better than forecasts.
For the month of May, however, the index calculated by the Federal Housing Finance Agency on US house prices rose by 0,4%, after remaining stable in April. The figure perfectly meets the expectations of analysts. On an annual basis there was an increase in prices of 5,5%, from the previous +5,9%.
As for industry, the Fed Richmond manufacturing index for July rose to 7 points, after reaching 3 points in June. Analysts' expectations were for an index of 5 points.
Finally, inflation. The cost of living in the US rose less vigorously in June, reinforcing Fed Governor Janet Yellen's view that May's increases were temporary. The consumer price index rose 0,3%, after a 0,4% gain the previous month.
