The Week in Review from Valeo Financial Advisors (February 28, 2014)
U.S. News
- Economic growth during the fourth quarter was revised down Reuters
- Sales of new U.S. homes rise to a five-year high Bloomberg
- U.S. home prices surged at the end of 2013. CNBC
- Durable goods orders (appliances, home and office furnishings, consumer electronics, jewelry, etc) declined one percent last month MarketWatch
World News
- Euro zone inflation remains well below average Reuters
- The U.K. economy grew last quarter as business investment picks up pace CNBC
- China’s currency, long pegged to the U.S. dollar, begins to fluctuate The Economist