Iran-oil sanctions led to biggest supply disruption since Libya

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Source: Bloomberg
Crude prices jumped and duress on Iran to stop its nuclear-enrichment program intensified following EU sanctions on Iran came into effect yesterday, July 1. International Energy Agency reported that the remedies undertaken by European Union may lead to the biggest loss for one of the OPEC members since the defiance in Libya the year before. As a consequence, Brent crude prices for August climbed 7% on June 29 on the Europe exchange for ICE Futures.
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Mon, 02 Jul 2012 11:11:31 GMT

Increase in the prices of Asian real estate

The house prices in China, Australia and Singapore advanced in June, as demand for real estate was boosted by low interest rates. In China, the home values added 0.1%  to $ 1,369 per square meter last month. In Australia, the average price of a residence rose to $ 471,000 in June 2012 and in Singapore the medium size of units offered decreased

Mon, 02 Jul 2012 10:48:23 GMT

Asian factories suffer from decline in exports

Two world export leaders China and Japan faced a rapid decline in overseas shipments in June as factory activity faded. A private purchasing managers' index (PMI) for China dropped from 48.4 in May to 48.2 in June. Meanwhile the similar gauge in Japan for respective period slipped below 50 to 49.9.  

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