U.S. housing starts rose less than expected in August

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Source: Forexpros

U.S. housing starts rose less than expected in August, while applications for home mortgages declined, adding to concerns over the U.S. property market, the U.S. Census Bureau said on Wednesday. Construction on new U.S. homes rose 2.3% to 750,000, up from 733,000 in the prior month, below expectations for a 2.85% increase to 765,000. Building permits issued in July declined to 0.803 million units, from 0.812 in the previous month.

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Wed, 19 Sep 2012 15:04:10 GMT

Oil declines on Spanish financial worries

On Wednesday, prices for oil hit a 6-week low on Spanish financial worries, trimming earlier gains on Japan's central bank monetary stimulus. November delivery futures for Brent eased $0.80 to trade at $111.23 per barrel at 10:50 a.m. London time. Contracts for October delivery of U.S. crude lost $0.41 and were traded at $94.88 per barrel.

Wed, 19 Sep 2012 14:42:09 GMT

BoE minutes raise QE hopes

Hopes the Bank of England will announce new economic stimulus plan above the existing program with a total value of 375 billion pounds ($610 billion) have been raised after minutes of the monetary policy committee's meeting on Wednesday. The BoE also expects the inflation rate to decelerate less rapidly, as oil and food prices rose.

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