New home sales at highest level since May '08

Date: Wed, 26 May 2010 12:00:54 -0400

NEW HOME SALES AT HIGHEST LEVEL SINCE MAY '08
U.S. sales of new homes jump nearly 15% in April to the highest level
since May 2008.

U.S. DURABLE-GOODS ORDERS JUMP 2.9% FOR APRIL
New orders for U.S.-made durable goods increase a strong 2.9% in
April, marking the fourth such increase in the past five months,
according to the Commerce Department's latest data on demand for the
big-ticket items.

EMERGING MARKETS' PULLBACK IS MILDER THAN RIVALS'
Emerging markets are falling hard amid the selloff in global equities,
but developed markets are slightly outpacing their rivals' declines.

EUROPEAN SHARES REBOUND AS VOLATILITY CONTINUES
European shares bounce on Wednesday, with investors picking up shares
in banks and miners bruised by heavy selling in the previous session.