Daily News | Which index can be trusted in the US?

Hello and welcome to another overview of the most important news from the global economy. A lot if important information is heading our way, so let’s get started, shall we? First up, we have the US stock index futures which have suffered significantly due to a significant drop in oil prices. As a matter of fact, oil came close to reaching its lowest price in the last seven months and this is close to its largest drop in the last 20 years. This had dramatic consequences, as the SPNY index dropped by more than 13.5% in the current year. As a consequence, it became the worst among 11 major indices.
We’ll stay in the US for our other piece of news today, because data indicates that US home resales continued to drop in the last month and now amount to 5.55 million, 20000 less than before. This is a confirmation that there is a significant lack of properties in the country, which may cause the prices to go sky-high in the future. As you can see, the US economy is not in a good place at the moment, especially since many of their stocks dropped on Tuesday, too. Naturally, we will continue to monitor the situation and keep you informed about any new developments, so do come back here regularly and see what else is new in the business world. 

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Author: Max Rothstein

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