Chinese housing prices fall for a fourth month in a row

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Source: Marketwatch

According to survey, Chinese home prices alleviated for a fourth consecutive month in December. Domestic house prices declined 0.25% in December compared to previous month. Average prices in December dropped to 8,809 Yuan ($1,400) per square meter, while in November the average value was 8,832 Yuan per square meter. On monthly basis prices have fallen in 60 cities.

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Wed, 04 Jan 2012 07:50:06 GMT

US manufacturing grows more than expected in December

US production escalated in December, reaching the quickest pace in 6 months. The factor index estimated by Institute for Supply Management rose to 53.9 in December, compared to 52.7 in November. Analysts questioned by Bloomberg previously predicted the index would increase to 53.5. Commodity and stock markets rallied on the announcement. 

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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