U.S. pending home sales declined 1.6% in August 2013 - Microsec

On global front, The U.S. seasonally adjusted index for Pending Home Sales declined 1.6 percent to 107.7 in August 2013. The index has fallen for three straight months after reaching a 6 ½-year high in May.

The U.S. Initial Jobless Claims declined by 5,000 to a seasonally adjusted 305,000 for the week ending September 21, 2013.

China's manufacturing sector expanded to a six-month high in September 2013. The preliminary reading of the HSBC Manufacturing Purchasing Managers' Index, or PMI, for September stood at 51.2 compared to 50.1 in August. A reading above 50 indicates expansion while a reading below 50 shows contraction.

The U.S. economy grew an unrevised 2.5 percent in Q2 of 2013, according to the Government's third and final review of GDP.

Source : Equity Bulls

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