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THE ECONOMY.(TO THE POINT)
Home prices head north in Q3
The average U.S. home price rose 5.61%, the Office of Federal Housing Enterprise Oversight said. That ended a string of slower appreciation over the prior four quarters. Of the 220 metro areas tracked, only 4 had home price declines in Q3. Home prices in California and Florida had double-digit gains.
Manufacturing picks up in Europe
The euro zone purchasing managers index rose to 52.2 in Nov. from 51.3 in Oct., led by gains in new orders and jobs, Reuters said. Readings over 50 show growth. The French subindex jumped 1.7 points to 52.7 as export demand rose sharply. But the German subindex slid to 51.1 in Nov. from 51.2, indicating slightly slower factory growth in Europe's No. 1 economy.
** The U.K.'s purchasing managers index logged its fifth straight expansion, climbing to 54.5 in Nov. from 54.3 in Oct., Reuters said. That's the fastest growth since late '99.
China opens up bank sector more
Foreign banks can now buy ...
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