Home prices rise 0.3% in July, FHFA data show

Date: Tuesday, September 22, 2009

Home prices rise 0.3% in July, FHFA data show

The market value of U.S. homes rises a seasonally adjusted 0.3% in July
compared with June, marking the third monthly increase this year, data
compiled by the Federal Housing Finance Agency show.

KIWI RALLIES ON SURGE IN NEW ZEALAND DAIRY EXPORTS

Good news for New Zealand's dairy farmers helped the nation's currency
rally against the U.S. dollar Tuesday, which fell to a 13-month low.

CRUDE REBOUNDS ABOVE $71 ON INVENTORIES OUTLOOK

Crude-oil futures rally more than 2%, recovering some ground after a
steep fall in Monday session, as energy traders await American
Petroleum Institute data on U.S. petroleum inventories for last week.
Renewed weakness in the dollar also helps contribute to favorable
sentiment.

CITI, AIG RISE, BOLSTERING TAXPAYERS' PORTFOLIO

AIG shares rise as investors continued to bank on the government
rejigging its bailout of the firm yet again.

SHANDA GAMES LEADS BUSY WEEK FOR U.S. IPOS

Shanghai-based Shanda Games Ltd. plans to raise up to $819 million in an
initial public offering on the Nasdaq as the richest in a handful of
U.S. IPOs scheduled for this week. It's the busiest calendar for the
domestic
underwriters since late in 2007.