UK home prices plunged by 0.6% in June

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Source: Forexfactory
UK house price dropped by 0.6% this month, sending the yearly price growth to the negative territory of minus 1.5%. Experts clam economic slowdown and end of stamp duty holiday both weighted on the property market. Meanwhile, the prospects of the UK real estate market are likely to remain uncertain; however, government's policies aimed at facilitating lending and tight supplies may support the house price in the next months.


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Thu, 28 Jun 2012 09:48:24 GMT

Yuan weakens after PBOC cuts reference rate

Chinese Yuan dropped first time in last four days after the PBOC reduced the monetary unit's reference rate ahead of EU summit today. The central bank cut its daily fixing rate by 0.03% at CNY 6.3190 per Dollar. The Yuan tumbled 0.09% versus greenback to CNY 6.3614 per Dollar. 

Thu, 28 Jun 2012 09:26:22 GMT

Japanese yearly retail sales climb more than forecast

Japan's annual retail sales expanded 3.6% in May compared to an expected gain of 3.0%, government report showed on Thursday. The advance was slower than a 5.7% improvement in April indicating that recovery of consumption from previous year's earthquake is slowing down. On monthly basis nation's retail sales soared 0.7% from a 0.4% drop in April. 

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