US Building permits hit more than three and a half-year high

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Source: Forexpros
US building permits rose unexpectedly last month, topping three and a half-year high, reported the US Census Bureau. The number of US-issued building permits gained 4.5% in March on a seasonally adjusted basis, hitting 0.747 million while analysts predicted the figure to advance by 0.7%, attaining 0.710. However, the situation in the US real estate market remained mixed as new housing starts declined by 5.8%, confounding the forecast for a 1.0% increase.

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Wed, 18 Apr 2012 09:57:31 GMT

Crude oil advanced on the Euro Zone's optimism

Crude oil futures eased up during Asian session on Wednesday, approaching two-week high after inspiring German sentiment data as well as successful Spain's auction spurred hopes for better demand prospects. Light, sweet crude oil futures for June delivery traded at 104.74 US Dollars per barrel on the New York Mercantile Exchange, rising from the previous session's low of 104.61 US

Wed, 18 Apr 2012 09:32:54 GMT

Spanish accelerating bad loans may renew investor doubts

Spanish climbing proportion of bad loans are casting doubt about successful bank clean-up without damaging public finances. The proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994, Bank of Spain reported on Wednesday. Additionally credits is diminishing while defaults are climbing amid unemployment rate of 24%. 

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