Spain debt costs fall after auction

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Source: Forexpros
Spain's debt costs fell to the lowest in three months after today's auction, amid hopes that the ECB will soon start to act in order to curb Eurozone's debt crisis. The Treasury sold 3.6 billion euros of bills today, as the demand for bonds was strong. The yield for three-month bills dropped to 0.946 per cent from 2.434 per cent at the last sale on July 24.
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Tue, 28 Aug 2012 18:50:08 GMT

Hong Kong trade balance fell in July

According to the Hong Kong Census and Statistics Department's report, made on Tuesday, Hong Kong's trade balance in July showed a deficit of 40.1 billion Hong Kong dollars, after a deficit of 44.71 billion in the preceding month. In the meanwhile, analysts had predicted Hong Kong's trade balance to decline to -48.6B in July.

Tue, 28 Aug 2012 18:28:08 GMT

U.S. home prices surge unexpectedly in June

Home prices in biggest U.S. metropolitan areas posted a year-on-year growth rate in June, Standard & Poor's reported on Tuesday. The 20-city Composite Home Price Index advanced 0.5% on year in June, while analysts estimated the index to fall by about 0.3%. The index rose seasonally-adjusted 0.9% on month, after a 1.0% increase in May.

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