Wednesday, September 7, 2011

Global Market Weekly Review, 28 August - 2 September 2011

UK House prices fell the most in 10 months in August as a slowing economic recovery threatens to undermine demand, Nationwide Building Society said.

Australia retail sales advanced for the first time in three months and mining projects boosted business investment, sending the nation’s currency higher and prompting traders to reduce bets on interest-rate cuts.

Crude oil rose to a four-week high in New York as a low-pressure system in the Gulf of Mexico that will probably develop into a storm led energy companies evacuate platforms and rigs in the Gulf of Mexico.

Source: ING Funds Berhad

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