Turkey Trade Balance declined to -4.2B in November from previous -3.62B

Contracts to purchase previously owned U.S. homes fell in November. The fall in figures for the third time in four months, signified cooling of the US housing market. Markets had expected pending home sales to rise 0.5 per cent after having risen 0.2 per cent in October. The National Association of Realtors (NAR) yesterday reported its pending home sales index slipped 0.9 per cent to 106.9 in November, the lowest since January.