The median prices of US single-family homes fell 9.0% versus the same time last year in the third quarter of 2008, according to the National Association of Realtors.
Just crossing the wires are comments from ECB economist Stark. he says the financial crisis has greatly affected the outlook for short-term economic growth in Europe and elsewhere.
markets continue to waffle this morning. EUR/JPY rallied along with equities in early US trade but have since eased back. Stocks are flat and EUR/JPY trades at 122.35, down from intraday highs at 122.95.
