Existing Home Sales - July 2008

Total Existing Home Sales Annual Rate: 5.00 million
Monthly Change: Up 3.1%

Mexican economic indicators pointing up

The Mexican economy performed very well in June with the Coincident Index up 0.7%. The Leading Index, which forecasts future economic performance, also rose 0.4%.

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Home Sales Rise but Risks Persist

Existing-home sales rose a healthy 3.1% in July from the previous
month, but growing inventories of unsold homes and rising mortgage
interest rates continue to thwart a full housing-market recovery.

Slowdown in China Hits Taiwan

Taiwan's export orders grew at their slowest pace in more than five years in
July, with demand from China weakening along with U.S. demand.

U.K. Mortgage Approvals Declined 65% in July, Close to Lowest in a Decade

U.K. mortgage approvals held close to the lowest in a decade in July as property values slumped, a report by the British Bankers' Association showed.

German Consumer Confidence Drops to Five-Year Low as Oil Erodes Spending

German consumer confidence dropped to the lowest in more than five years as soaring energy prices sapped purchasing power and the economic outlook deteriorated.

Weak Ifo drives stocks lower; buoys dollar

Dollar hits 2008 peak, high-yielding currencies sold off

World stocks hits lowest in almost 2 yrs

LONDON, Aug 26 (Reuters) - World stocks fell to their lowest
in almost two years on Tuesday as fresh concerns about the
financial sector and growth outlook prompted investors to dump
risky assets.