Sales of existing homes surprise with a 4.3% rise in October

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The sale of existing homes in October registered an advance of 4.3%, to 6.85 million (annual rate), which generated a surprise as a drop was expected from the September reading of 6.57 million (revised from 6.54 million) to 6.45 million.

The data had no impact on the market. Previously on Thursday there had been a mixed report of requests for unemployment benefits and a fall (less than expected) in the Philly Fed.

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