Investing.com - Pending home sales in the U.S. rose less-than-expected in April, underlining concerns over the U.S. economic recovery, industry data showed on Thursday.
In a report, the National Association of Realtors said its pending home sales index rose by 0.3% in April, below expectations for a 1.1% gain.
Pending home sales rose by 1.5% in March.
Year-on-year, pending home sales rose at annualized rate of 13.9% last month, above expectations for a 12.8% increase, after rising 5.9% in March.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.7% to trade at 1.3031.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.5%, the S&P 500 index advanced 0.6%, while the Nasdaq Composite index climbed 0.6%.
In a report, the National Association of Realtors said its pending home sales index rose by 0.3% in April, below expectations for a 1.1% gain.
Pending home sales rose by 1.5% in March.
Year-on-year, pending home sales rose at annualized rate of 13.9% last month, above expectations for a 12.8% increase, after rising 5.9% in March.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.7% to trade at 1.3031.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.5%, the S&P 500 index advanced 0.6%, while the Nasdaq Composite index climbed 0.6%.