New Zealand's PPI rose by 0.3% in Q1

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Source: Forexpros
The PPI in New Zealand increased more than expected in Q1 of 2012, according to official data. The PPI of the country gained 0.3% in Q1 on a seasonally adjusted basis as compared to an increase of 0.5% in Q4 of 2011, reported Statistics New Zealand. Experts predicted the PPI to stay unchanged in Q1. Following the data release, the New Zealand Dollar appreciated against its US counterpart and NZD/USD traded at 0.7651, gaining 0.12%.


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Thu, 17 May 2012 11:04:29 GMT

Some of the brokerage houses stop accepting orders of Facebook IPO

On Tuesday at least 4 out of 33 underwriters of No. 1 social network, namely TD Ameritrade, Fidelity's brokerage arm, E*Trade Financial and Morgan Stanley & Co, stopped taking new orders of Facebook. Wells Fargo Advisors did the same on Wednesday. Since the demand for the shares is huge, Morgan Stanley informed its advisers that each client will be able to receive at most 500 shares.

Thu, 17 May 2012 13:46:37 GMT

Beijing house sales are recovering this month

Home sales in Beijing rose sharply since the beginning of May as number of transactions more than doubled on yearly basis, according to China Daily. The Chinese bought above 7,000 apartments in the period between 1st and 15th of May, indicating year-to-year increase of 103%, reported Century 21. The major stimulating factor was price reductions offered by property developers.

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