Australian home loans grew in December

Note: This section contains information in English only.
Source: Bloomberg
The number of Australia's house loan approvals surged in December to a 7-month record high as home buyers reacted to Reserve Bank of Australia's interest rate cut. Approved home loans gained 2.3% compared to 1.8% increase in November. Economists questioned by Bloomberg predicted an expansion of 1.8%. Australian central bank lowered its key interest rate to 4.25% in November. 
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Mon, 13 Feb 2012 07:33:57 GMT

European stocks dropped on Friday

European markets showed weak performance on Friday, fuelled by Greek concerns. Stoxx Europe 600 index fell 0.9% to 261.24, Athens General Index plunged 3.2% to 797.35, while German DAX index fell 1.4% at 6,692.96. British  FTSE 100 index lost 0.7% and closed at 5,852.39 and French CAC 40 slumped 1.5% and finished at 3,373.14.

Mon, 13 Feb 2012 07:13:30 GMT

Japanese economy contracts on export decline

Japan's economy contracted 2.3% in the last quarter of 2011, more than analysts expected as declining exports hampered a rebound from March earthquake and Thailand floods. Economists questioned by Bloomberg earlier predicted a drop of 1.3%. Nevertheless analysts suggest Japan may gain momentum this year from improvements in US and reconstruction work across the country. 

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