Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign

US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual...

British Police Raid Islamic Group Accused Of Sex Trafficking And Slavery At least nine members of a Cheshire Islamic group have been arrested in a raid of 500 British police officers as part of an investigation into sexual offenses, slavery and forced marriage.  Officers received reports of human trafficking, rape, and other crimes involving members of a group known as the Ahmadi Religion of Peace and Light, based in Crewe.  Seven men and three women were taken into custody, according to a statement from the Cheshire Police, who said the investigation was...

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...