Australia's housing sector contracted by 25% in Q1

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Source: Marketwatch
Australia's real estate sector shank by 25% in Q1 on an annual basis, reported Australian Bureau of Statistics. The sector posted contraction for fourth quarter in a row. Instable global economy and poor domestic demand both contributed to a weakness of the property sector. Experts claim that housing sector is the weakest sector in the country's economy.
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Wed, 20 Jun 2012 14:18:01 GMT

Italian new industrial orders declined by 1.9% in April

Italian new industrial orders fell in April, after posting an increase in March, according to STAT. New industrial orders dropped by 1.9% in April on a seasonally adjusted basis as compared to a 3.5% gain in the preceding month. Experts predicted the industrial orders to drop by 3.5%. After the data release, the Euro depreciated against the greenback by 0.08%,

Wed, 20 Jun 2012 13:52:01 GMT

Crude oil fell ahead of Fed decision and supply report

Crude oil declined in European morning session on Wednesday as market participants await outcome of FOMC meeting due later in the day. Moreover, traders anticipate EIA report on US stockpiles also due later in the day. Light, sweet crude oil futures for July delivery traded at 83.59 US Dollars per barrel on the New York Mercantile Exchange, dropping by 0.45%.

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