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Apr 18, 2013
China house prices continue to rise
China new home prices rose +3.6% on a yearly basis in March vs +2.1% in February, with the Chinese Home Prices up in 68 of 70 cities surveyed. The government is likely to take further action to cool down what is understood to be an ongoing bubble in the housing sector.
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Apr 18, 2013
Forex: EUR/USD bounces on NK talks
EUR/USD is currently picking up some steam at fresh session highs 1.3046 on the back of the news that North Korea is wanting to come to the negotiating table, which has lifted a bit risk appetite in the region. Still local share markets fail to see any green, and EUR/USD is flat for last 2 trading days, retracing from yesterday's fresh 2-month highs at the 1.3200 handle, and off recent session lows at 1.3020.
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