US housing starts and building permits drop in March

Source: CNBC
The number of building permits and housing starts in the US dropped more-than-expected in March. Both indicators fell to almost 1.09 million units, compared to February's 1.17 million building permits and 1.18 million housing starts. Until today, economists expected building permits decrease to 1.20 million and housing starts decline to 1.17 million units.
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Tue, 19 Apr 2016 15:34:07 GMT

GDT data sends Kiwi 1.3% higher

The Kiwi gained 1.3%, trading at $0.7040 against the US Dollar on the New York Stock Exchange by 14:30 GMT, as soon as New Zealand's Fonterra released its fortnightly auction. According to the latest Global Dairy Trade data, the average price jumped 3.8% to $2,263 per metric tonne, compared to the 2.1% rise to $2,188 per metric tonne posted on

Tue, 19 Apr 2016 13:45:05 GMT

Investors' mood improves in April

The ZEW Economic Institute announced on Tuesday that the Investor Confidence Index in Germany jumped to 11.2 in the fourth month of the year, following March's 4.3 and surpassing analysts' forecast of 8.0 points. Meanwhile, the actual situation sub-index went down to 47.7 in April from 50.7 in the previous month, whereas economists expected a score of 50.8 points.

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