Australian Market Report
The US mortgage market index rose by 4.
5pct last week
with the purchase index spiking 8.
1pct higher.
The Beige Book report on the US economy showed that
economic activity improved in late 2011 with the
economy increasing ´´at a...
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Australian Market Report
The US mortgage market index rose by 4.
5pct last week
with the purchase index spiking 8.
1pct higher.
The Beige Book report on the US economy showed that
economic activity improved in late 2011 with the
economy increasing ´´at a modest to moderate pace´´
and holiday retail sales up ´´noticeably´´.
The auto sector strengthened with suppliers reportedly
nearing capacity constraints.
The Germany economy grew by 3.
0pct in 2011 according
to the Federal Statistics office after 3.
7pct growth in
2010, while the economy contracted by around 0.
25pct in
the December quarter.
French, German and Italian leaders will meet on January
20.
German Chancellor Angela Merkel said the euro
zone´s top priority for the beginning of 2012 was to
secure a second aid package for Greece, while she
expressed admiration for how quickly Italy´s new
government has launched reforms.
European shares eased from five-month highs on
Wednesday in thin and choppy trade.
Weighing on
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