There was some good news buried among “Fed-watching” Wednesday.
New Home Sales for example rose 10.8% which is dari-java.nl a good number obviously but does that follow the Fed interest rate increase perhaps stimulating a “buy-now” attitude?
Secondly, and perhaps most important was news Russia is willing to discuss oil production declines with OPEC. Since imploding oil prices have been at the center of http://www.cremation-ffc.fr/index.php/generic-viagra-100mg stock market declines, this is considered a positive development. But, one kernel of hope doesn’t a deal make given the attitudes of the would-be participants. On that score, oil prices rallied early Wednesday despite a massive 8.6M barrel increase.
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