Building permits rose more than expected in February

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Source: Bloomberg
Housing start ups settled close to 3-year record high in February indicating that sector is stabilizing, Commercial Department said on Tuesday. The number of new home start ups was at annual 698 000 matching analyst expectations. Meanwhile building permits unexpectedly surged to annual 717 000, the highest reading since October 2008. Economists earlier predicted an increase to annual 686 000.
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Wed, 21 Mar 2012 07:25:05 GMT

European shares lower on China worries and car maker declines

European stock markets posted losses on Tuesday as investors digested news China's demand for resources is likely to slow and auto makers fell after China decided to raise gasoline and diesel prices. Stoxx Europe 600 fell 1.1%, German DAX tumbled 1.4% and French CAC 40 index slipped 1.3%. British benchmark FTSE 100 index lost 1.2%.

Tue, 20 Mar 2012 19:15:56 GMT

Agriculture

Rural commodities were mixed with advancing sugar and coffee and falling grains amid broadly lower US Dollar. Wheat and corn futures came under pressure as US planting conditions improved after rains and as Russia announced it would not impose any restriction on the grain exports this year. However, adverse crop conditions in the EU and drought in Brazil may create

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