Scoreboard: Greek hangover

European shares declined for the first time in nine days on concerns about the new Greek government, while Wall Street fell and gold pushed higher.

In US economic data, durable goods orders (proxy for business investment) fell by 3.4 per cent in December (forecast 0.5 per cent). Non-defence orders excluding aircraft fell by 0.6 per cent. New home sales rose by 11.6 per cent in December to a 481,000 annual rate (forecast 450,000). Case Shiller home prices rose by 0.7 per cent in November to be 4.3 per cent higher than a year ago, in line with forecasts. Consumer confidence rose from 93.1 to 102.9 in January, well ahead of forecasts of 95.1.


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