New vehicle sales in Australia soared by 7.6% last month

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Source: Marketwatch
New auto sales in Australia soared by 7.6% on a seasonally adjusted basis in April, according to official data. Sales of cars approached 79,097 vehicles in April, reported the Federal Chamber of Automotive Industries. Meanwhile, passenger cars sales dropped by 2.5% last month whereas sport utilities sales soared by 27.9%.


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Thu, 03 May 2012 08:28:51 GMT

China's housing prices dropped by 0.7% in April

Average property prices in 100 largest China's cities decreased by 0.71% yer-to-year in April, indicating the first annual fall since June 2011. Considering monthly moves, auto sales tumbled by 0.34%, signaling the eighth decline in a row, reported the China Real Estate Index System. The data indicated further slowdown in China's property market amid continuous restrictive measures of the government.

Thu, 03 May 2012 07:51:54 GMT

Crude oil eased up on dip buying

Crude oil futures increased slightly during Asian trading hours on Thursday after recent fall after dismal US labour and EU manufacturing data that pressured crude oil price. Lower crude oil price created bargain buying opportunities for traders. Light, sweet crude oil futures for June delivery traded at 105.27 US Dollars per barrel on the New York Mercantile Exchange, gaining 0.05%

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