US pending home sales declined by 0.5% in February

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Source: Forexpros
US pending house sales dropped in February, signaling on uncertainty over recovery of the real estate sector, reported the National Association of Realtors. The pending homes sales index decreased by 0.5% last month as compared to a 2.0% gain in January. Experts predicted the pending home sales to advance by 1.0%. Considering yearly changes, the sales increased by 13.9% last month while analysts predicted a 9.7% jump.


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Tue, 27 Mar 2012 07:16:17 GMT

Argentina's GDP grew by 7.3% in Q4

The economy of Argentina expanded by 7.3% in Q4 on an annualized rate and by 0.8% on a quarterly basis, indicating slower growth pace than in the previous periods, according to Indec.  However, the figure is still above the expectations of a 7% yearly increase. The slowdown in industrial activities and weak consumer confidence both weighted down on the GDP

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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