U.S. homebuilder shares advance

Source: Bloomberg
U.S. homebuilder shares rose at a record-high rate in 2012, showing confidence the property rebound may expand with new-home sales still 50% below a 40-year average. The S&P Supercomposite Homebuilder Index surged 53% in 2012 through Aug. 10. Stocks climbed as new-home sales showed a seasonally-adjusted annual rate of 350,000 in June, from 304,000 a year earlier.
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Mon, 13 Aug 2012 10:42:26 GMT

France current account deficit expands in June

France's current account deficit expanded in June after dropping marginally in preceding month, Bank of France reported on Moday. The deficit was EUR 6.3 billion in June up from EUR 4 billion in May. Goods account showed a EUR 6.3 billion deficit, while service account posted a EUR 1.5 billion surplus. Income account stayed steady from preceding month at EUR

Mon, 13 Aug 2012 12:58:35 GMT

Aussie Dollar falls amid flagging demand for risky assets

The Australian Dollar declined versus almost all of its major peers as global economic downturn curtailed demand for high interest currencies. The Aussie Dollar fell 0.2% to $1.0556 and dropped to 82.63 Yen. The New Zealand Dollar lost 0.2% to 81.17 U.S. cents and 0.2% to 63.53 Yen. 

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