Economic data from the U.S. overall was bad to mixed.
Durable Goods Orders sank once again to -1.8% vs -1.1% expected & prior -1.5%; FHFA Home Price Index was flat at 0.3%; PMI Services Manufacturing FLASH was weaker at 53.4 vs 54.2 expected & prior 53.8; and, New Home Sales surged to 546K vs 525K expected & prior 534K.
Most of the gains in home sales occurred in the northeast which seems logical given pent-up demand.
The IMF indicated it wasn’t happy with the so-called Greek proposals while Tsipras ruling Syriza party didn’t want to go along either. Let’s just say, Greece remains a work in progress. It still amazes a debtor would ask their lenders for more money