Home prices slowed during the early part of Q2 and the Case-Shiller report is the latest to confirm the softening. Case-Shiller’s 20-city adjusted index managed only a 0.2 percent gain in April which was short of expectations.
White House trade adviser Peter Navarro said that a Treasury Department report later this week on American restrictions on foreign investment won’t be as broad as investors fear as he sought to allay a trade standoff.
Overnight, the MSCI Asia Pacific Index fell 0.1 percent while Japan’s Topix closed 0.2 percent higher, recovering from losses of more than 1 percent earlier in the session.
In Europe, major indexes were higher as stocks rose on the back of a weakening euro.