Scoreboard: Calm and confident

Wall Street edged higher as consumer confidence rose to post-GFC highs, while the prospect of further stimulus measures from the ECB boosted European markets.

In US economic data, the CaseShiller home price series fell 0.2 per cent in June, weaker than expectations. But the FHFA home price series rose by 0.4 per cent in June to stand 5.1 per cent higher than a year ago. Durable goods orders rose by 22.6 per cent in July, but excluding aircraft orders, fell by 0.5 per cent, below forecasts of a 0.5 per cent gain. And consumer confidence rose from 90.9 to 92.4, above forecasts for a result near 89.0 and the highest level since October 2007.



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