Existing home sales, EU current account surplus, Tech IPO’s

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A bit higher than expected now been going sideways for almost a year:

Existing Home Sales
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Euro Area current account surplus continues to zig zag it’s way higher:

Euro Area Current Account

Eurozone current account surplus came in at €32.3 billion in March of 2016 compared to an upwardly revised €11.2 billion surplus in the previous month. The surpluses in balances of goods (to €36.1 billion from €25.2 billion in February) and services (to €4.5 billion from €3.2 billion) widened while the one in primary income (to €6.5 billion from €6.8 billion) narrowed slightly. In addition, the secondary income deficit decreased (to €-14.8 billion from €-24 billion).
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This is ‘borrowing to spend’ that’s gone away:
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