Scoreboard: Housing highlight

Wall Street closed higher on the back of upbeat earnings and a lift in the housing sector, while European shares rose on stabilisation of the Ukraine crisis.

In US economic data, both headline and core measures of consumer prices rose just 0.1 per cent in July, just below forecasts. Housing starts rose by 15.7 per cent to a 1.093 million annual rate in July, well above forecasts centred on a result near 969,000. And weekly chain store sales were up 3.7 per cent on a year earlier, down from 4.8 per cent in the previous week.

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