Draghi considers cutting interest rate to zero

Source: Bloomberg
The President of ECB Mario Draghi might consider lowering its deposit rate to from 0.25% to zero or even lower as the region is moving deeper into recession. Federal Reserve resisted cutting its interest rate of 0.25% last year. Julian Callow at Barclays Capital suggests that cutting deposit rate to zero is likely to be the first move of ECB as benefits could offset the disadvantages. 
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Wed, 27 Jun 2012 07:33:20 GMT

US home value added 1.3% in April

US home prices surged 1.3% in April and posted the first monthly advance since autumn 2011. S&P/Case-Shiller index that encompasses 20 US cities added 1.3% with 19 cities out of 20 reporting gains. Home values declined only in Detroit. On yearly basis index has deteriorated from 2.6% to 1.9%. 

Wed, 27 Jun 2012 07:22:19 GMT

US consumer confidence drops to five month low

The US customer confidence fell for a fourth month in a row in June as anxiety over labour market and income weighed on consumer sentiment. The sentiment gauge measured by Conference Board declined to 62.0 compared to a downward revised reading of 64.4 in May. The median estimate obtained in Bloomberg survey was 63.0.

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