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Better home sales
sent exchanges up

The number of pending home sales in US increased more than expected and created better sentiments in the markets yesterday. Dow Jones jumped 1, 12 % and reached 12 278 far above the psychologically important 12 000 level. NASDAQ was also up with 1 % to 2 613.

On a year basis Dow Jones is up 6 %; NASDAQ has tumbled 1, 5 %. Banks had a good day in yesterday. After earlier steep falls Bank of America was up 3, 3 %. Citi Group, JP Morgan and Wells Fargo increased likewise more than 2%.

Iranian threats to close the Hormuz straits are keeping oil prices high: NYMEX is stabile just below 100 pr.
Barrel and Brent is 108, 16.

Gold and silver prices have recovered after Wednesday and yesterday