US stock indices declined more than 6% in May

Source: Marketwatch
US shares closed Thursday on negative note weighed by several disappointing macroeconomic news. Data showed US labour market added more jobless claims and GDP for the first quarter was revised down. S&P 500 index dropped 0.23% or 2.99 points and closed at 1,310.33. S&P 500 is 6.3% down for the month. Dow Jones Industrial Average fell 0.21% or 26.41 points and finished at 12,393.45. Dow index has given up 6.2% on monthly basis. Nasdaq Composite lost 0.35% or 10.02 points settling at 2,827.34, down 7.2% for the May. 
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Fri, 01 Jun 2012 08:25:10 GMT

New home sales in Beijing to soar to 16-month high

The number of new houses sold in Beijing is likely to approach the pre- tightening level in May. More than 8,500 apartments were purchased in the first 26 days of May, indicating a 25% increase from the April's figure. Zhang Dawei, chief Centaline analyst, attributed strong performance of the real estate market to price reductions, growing supply and strengthening demand.

Fri, 01 Jun 2012 09:20:09 GMT

British pound depreciates 0.5% versus Dollar

British Sterling declined versus greenback on Thursday on speculation the widening European debt turmoil is curbing UK economic outlook. The Pound fell 0.5% versus its US peer to USD 1.5408 and dropped 1.4% against Yen to JPY 120.66. Currently GBP/USD is trading at USD 1.5384. 

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