UK home prices continue to decline

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

In November home value in the UK decreased for the seventh consecutive month. According to Hometrack Ltd., a property researcher, the pace of deterioration may quicken as fragile consumer confidence hurts demand. The average value of home lost 0.2% compared to October and dropped 2.3% on a yearly basis, while consumer confidence reached a record low previous month.

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Mon, 28 Nov 2011 10:53:20 GMT

Aussie recovers on Italy while Kiwi climbs on PM's re-election

On Monday Australian dollar advanced after news that IMF might provide aid for Italy and European officials may finally agree on a comprehensive solution for debt turmoil. Australia's dollar jumped 1.5% against US dollar reaching $0.9860. Kiwi appreciated 1.8% to $0.7536 after PM John Key won the elections with biggest majority in 60 years establishing hopes to balance nation's budget. AUD/USD currently is trading at $0.9879

Mon, 28 Nov 2011 10:51:20 GMT

European markets open higher on Monday

European shares climbed on Monday morning as investors reacted to weekend reports suggesting European officials have found new solutions to tackle debt turmoil. On Tuesday they are expected to agree on means how to fund EFSF. Stoxx Europe 600 index edged up 1.0%, French CAC 40 added 1.6% while German DAX 30 index and FTSE 100 index each advanced 1.5% and 0.8% respectively.

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