US factory orders fell in April

Source: BBC
US new factory orders dropped in April, indicating a fall for the second consecutive month. New orders for manufacturing goods declined by 0.6% in April as compared to a 2.1% decrease in the preceding month. Experts predicted new factory orders to rise by 0.1% in April. Disappointing factory orders data coupled with weak labour market added to worries that US economic performance is deteriorating.
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Tue, 05 Jun 2012 07:12:30 GMT

China's new loans increased in May

China's financial institutions increased lending to 700 billion Yuan in May, reported China Securities Journal.  However, in April, new loans issued in China dropped from 1.01 trillion Yuan to 681 billion Yuan prompting the policymakers to facilitate new loan approvals.  Experts claim new loans are likely to continue growing and may approach 2.4 trillion Yuan by the end of Q2

Tue, 05 Jun 2012 09:13:19 GMT

Loonie hits 6-month low before central bank meeting

Canadian Dollar hit a 6-month record low ahead of Bank of Canada meeting due Wednesday. Policy makers are predicted to postpone higher interest rates. Canadian currency closed at CAD 1.0394 yesterday. Yields on 10-year bonds keep fluctuating close to record lows since 1950s as investors perceived country's assets as save haven. 

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