Australian home prices decline more than predicted

Note: This section contains information in English only.
Source: Bloomberg
Australia's housing prices fell in 2011, making the biggest annual drop since 2002. The gauge estimating prices in eight biggest cities slipped 4.8% compared to previous year. Prices edged down 1% on quarterly basis. Sharp drop in prices might be associated with uncertainty about global economy and its possible effect on property market, suggest analysts. 
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Wed, 01 Feb 2012 08:23:16 GMT

Euro Zone's jobless rate attained 10.4% last month

Euro Zone's unemployment approached a new record in December, reported the Eurostat. The unemployment rate in the region jumped to 10.4% in December, after hitting 10.3% in November. About 16.5 million individuals were unemployed while the highest jobless rate of 22.9% was in Spain and the lowest rate of 4.1% was in Austria.

Wed, 01 Feb 2012 12:06:39 GMT

Aussie climbs on China manufacturing data

Australian Dollar extended gains on Wednesday as investors positively anticipated news the manufacturing in China expanded in December. In contrast New Zealand Dollar depreciated amid weaker stock markets and disappointing US data. Aussie strengthened to USD 1.0607, while Kiwi dropped 0.2% to USD 0.8234. Currently AUD/USD is trading at 1.0575 and NZD/USD is trading at  USD 0.8216.

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