US housing prices declined more than expected

Note: This section contains information in English only.
Source: Bloomberg
The prices of real estate decreased more than predicted, said S&P/Case-Shiller group on Tuesday. S&P/Case-Shiller index of real estate value in 20 cities fell 3.4% in October compared to corresponding period last year. Economists surveyed by Bloomberg forecast a 3.2% decline. Index currently is down 32.1% compared to its top figure in 2006.
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Tue, 27 Dec 2011 15:13:41 GMT

Italian bonds drop ahead of auction

Italian bonds declined pushing the borrowing costs on 10-year debt securities above 7% as country prepared to sell notes worth around 20 bn euros in the forthcoming bond auction. The yield for 10-year Italian bills hit 7.07% on Tuesday morning session. Alessandro Giansanti, a strategist at ING Groep NV predicts the auction to push Italian borrowing costs even higher.

Tue, 27 Dec 2011 15:10:20 GMT

US home prices lost 1.2% in October

US home prices decreased by 1.2% in October, indicating 3.4% drop on a yearly basis. 19 out of 20 cities registered price decline with decrease in S&P/Case-Shiller 20-city composite home price index by 32.1% from its record in 2006.

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