New housing starts in New Zealand increased in November

Note: This section contains information in English only.
Source: Forexfactory

New housing starts in New Zealand have followed an upward trend for the last eight months ending in November, reported Statistics New Zealand. However, the figures are volatile and stay close to historically low level. Approvals for new houses, including apartment achieved 1,384 units, indicating 5.9% decrease from November 2010.

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Wed, 11 Jan 2012 07:30:59 GMT

US stocks edge up led by appreciation of Euro

US stocks surged on Tuesday lifted by the appreciation in the Euro, as weaker greenback pushed higher oil price and other dollar-denominated resources and commodities. Dow Jones Industrial Average gained 0.6 or 69.78 points and closed at 12,462.4, S&P 500 climbed 0.9% or 11.38 points and finished at 1,292.08, while Nasdaq Composite Index jumped 1% or 25.94 points at 2,702.50.

Tue, 10 Jan 2012 08:59:09 GMT

Marks and Spencer saw sales increase

Marks and Spencer announced modest increase in the UK sales during the Christmas time. Sales in the last 13 weeks of 2011 rose 0.5% on a yearly basis while food sales gained 3%. The company said it performed well despite global economic uncertainty. Overall UK's retail sales increased by 2.2% during the busy week before Christmas.

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