CANBERA (dpa-AFX) - The Australian and New Zealand dollars trimmed early
losses against their major counterparts in early European deals on Friday, on
speculation that Chinese authorities may loosen property curbs in the wake of
Average new home prices in 70 Chinese cities declined for a second straight month in June and fell more sharply as property developers stepped up discounts to lure home buyers amid a housing market downturn.
By Marc Chandler:
US housing starts in June collapsed. The 9.3% decline contrasts with expectations for a 1.9% increase, according to a Bloomberg survey. Adding insult to injury the May series was revised down to show a decline of 7.3% rather than...
We just some discouraging data from the housing market.
Housing starts unexpectedly plunged 9.3% to an annualized rate of 893,000.
Building permits unexpectedly fell 4.2% to 963,000.
Economists estimated starts would climb by 1.9% and...
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