Scoreboard: Forward march

Solid data out of Europe and the US saw equities rally on both sides of the pond despite the escalating situation in Crimea.

Most of the excitement last night was in equity markets, with price action comparatively subdued elsewhere (generally). But stocks were bid and that largely stems from positive economic data on both sides of the pond. In the US for instance, new home sales may have dipped 3.3 per cent in February, fully offsetting January’s gain. Yet house price accelerated in January according to the S&PCaseShiller index -- up 0.9 per cent in January compared to December’s 0.7 per cent lift. Annually, prices are still surging more than 13 per cent -- 13.24 per cent to be exact.

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