Markets Are Weakening

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Things started out stronger, but as the morning has gone on, markets are weakening.

Japan had a big rally night, and by and large in Europe, things are still green, but markets are off their highs of the day.

In the US, futures have turned slightly red.

Here's a look at an intraday chart of Germany's DAX stock index, via Bloomberg.

Bloomberg

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CHART OF THE DAY: Home Prices Are Rising At The Fastest Pace Since February 2006

Home prices (including distressed sales) climbed 12.1% year-over-year in April, according to Corelogic's latest home price report. Home prices were up 3.2% month-over-month in April. 

This was the biggest year-over-year increase since February 2006, and the 14th straight monthly increase. Moreover, on an annual basis, home prices were up in all 50 states for the second straight month. 

Ex-distressed sales home prices were up 11.9% on the year, and 3% on the month. 

"Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent or more," said Mark Fleming, CoreLogic CEO in a press release. 

Here some details from the report:

Including distressed sales home prices rose the most in Nevada, up 24.6% and fell the most in Mississippi, down 1.7%.Ex-distressed sales home prices climbed the most in Nevada, up 22.6%, and none state saw home prices fall.The peak-to-current decline in home prices, from April 2006 to April 2013, was -22.4%.The CoreLogic Pending home price index suggests that May home prices will rise 12.5% on a YoY basis, and 2.7% on a monthly basis.

Here's a look at home prices from January 2002 on:

CoreLogic

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31 Stocks That Traders Would Love To See These Collapse

Rob Wile | Jun. 4, 2013, 10:12 AM | 21,864 | REUTERS

This bull market has been an absolute nightmare for traders shorting, or betting against, the market.

Still, the shorts are holding on to their positions in hopes of a pullback.

We screened the S&P 500 for the most heavily shorted stocks.

The list includes a lot of tech and electronics firms struggling to adapt out of outdated business models.

But some old standbys remain, including a large clothing retailer as well as a videogame seller. And a major for-profit education company is seeing renewed doubts about its marquee product.

We ranked the stock by short interest as a percentage of floating shares.

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10 Things You Need To Know This Morning (TSLA, ZNGA, SPY, DIA)

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Enter your email address and zip code to set up customized email alerts.You have successfully emailed the post. Good morning. Here's what you need to know. Asian markets were mixed in overnight trading, with the Shanghai Composite down 1.17%, the most in over a month. The Nikkei was up 2.05%. Europe is mostly higher and U.S. futures are flat.Central Europe continues to see floods as large pockets of Prague were underwater on Tuesday, according to Reuters. 11 people have been killed so far in Germany, Poland, Austria, and the Czech Republic. Over 10,000 have had to evacuate their homes in Germany.The international trade deficit widened to to $40.3 billion in April.Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email

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French PMI Hits Its Highest Level In 13 Months

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Spain reported a decent PMI number earlier.

Then Italy beat expectations.

Now France.

At 46.4 for its May PMI, France just registered its best month in 13 months.

Here's the snapshot from Markit:

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