US stocks end modestly lower on Tuesday but up in January

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Source: Marketwatch
US markets ended lower on Tuesday amid disappointing US consumer confidence data. Nevertheless, stocks posted the best January in the last ten years. S&P 500 index slipped 0.05% or 0.6 points and closed at 1,312.41, while Dow Jones Industrial Average Index gave up 0.16% or 20.81 points and finished at 12,632.91. Nasdaq Composite was up for the third straight session, gaining 0.07% or 1.90 points and settling at 2,813.84.
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Wed, 01 Feb 2012 10:36:08 GMT

Oil futures inched up during Asian session

Crude oil futures advanced in electronic trade early on Wednesday ahead of the US weekly inventory report. Crude oil futures for delivery in March traded at USD 98.70 per barrel during Asian session, on the New Mercantile Exchange, gaining 0.2%. However, during the US late trade on Tuesday, oil lost 0.3% on the stronger US Dollar and negative economic data

Wed, 01 Feb 2012 12:18:41 GMT

Australian home prices decline more than predicted

Australia's housing prices fell in 2011, making the biggest annual drop since 2002. The gauge estimating prices in eight biggest cities slipped 4.8% compared to previous year. Prices edged down 1% on quarterly basis. Sharp drop in prices might be associated with uncertainty about global economy and its possible effect on property market, suggest analysts. 

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