Scoreboard: Housing relief

Wall Street pushed higher on strong house sales data, while European markets rebounded on easing geopolitical tensions.

In US economic data existing home sales rose for the third consecutive month in June, up 2.6 per cent to an annual rate of 5.04 million -- an eight-month high. The Consumer Price Index rose 0.3 per cent in June to be up 2.1 per cent over the year. Gasoline accounted for two-thirds of the gain lifting by 3.3 per cent in June. Stripping out food & energy prices, core CPI rose by a tame 0.1 per cent in June to be up 1.9 per cent on year ago. 

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