Asian stocks up slightly on improving US home data

5:44 AM, Jun 27, 2012   |    comments
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BANGKOK (AP) - Asian stock markets edged up today as rising home prices in the U.S. eased jitters over the robustness of the world's No. 1 economy.

A report showing that U.S. home prices rose 1.3 percent in April, indicating an uptick a sector closely tied to the health of the overall economy, helped send Wall Street higher on Tuesday. The increase in April was the first in seven months.

Benchmark crude oil rose and hovered above $79 a barrel. The dollar fell slightly against the yen and was unchanged against the euro.

 

 

 

 

 

First Coast News