Stock markets - a sustainable recovery?

The latest batch of positive news from America helped stockmarkets find their feet again after last week’s slide. But can it continue?

The latest batch of positive news from America helped stockmarkets find their feet again after last week's slide. American house prices jumped by 10.9% in the year to the end of March, according to the Case-Shiller index. That's the biggest rise since the height of the housing boom in 2006. Prices are still 28% below their peak, however. Sales of previously owned houses hit a three-year high in April. Consumer confidence has reached a five-year high, according to the Conference Board. The pace of payroll growth has accelerated in the past three months and durable goods orders are approaching their pre-recession peak.

What the commentators said

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