UK home prices fell by 0.2% last month

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Source: Dukascopy
UK home prices declined in January amid UK economy's contraction in Q4 of 2011. The typical house price lost 0.2% in January and weighted down on the annual house price inflation, pushing it to 0.6% as compared to 1% in the preceding months. Analysts expect the balance between supply and demand to move further to the outweighing supply thus creating an advantage for customers in the coming months.


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Wed, 01 Feb 2012 10:36:08 GMT

Oil futures inched up during Asian session

Crude oil futures advanced in electronic trade early on Wednesday ahead of the US weekly inventory report. Crude oil futures for delivery in March traded at USD 98.70 per barrel during Asian session, on the New Mercantile Exchange, gaining 0.2%. However, during the US late trade on Tuesday, oil lost 0.3% on the stronger US Dollar and negative economic data

Wed, 01 Feb 2012 12:18:41 GMT

Australian home prices decline more than predicted

Australia's housing prices fell in 2011, making the biggest annual drop since 2002. The gauge estimating prices in eight biggest cities slipped 4.8% compared to previous year. Prices edged down 1% on quarterly basis. Sharp drop in prices might be associated with uncertainty about global economy and its possible effect on property market, suggest analysts. 

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