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Friday, 20 April 2012

MTECHTIPS

MTECHTIPS:-NEWS

1. Sales of previously owned homes in the US fell by 2.6% to 4.48 million annual rate in March for the second consecutive month and missed expectations.
2. The dollar index remains unchanged at 79.56 against the basket of 6 major currencies as the mixed global economic woes kept investors under lull mode.
3. The Spanish government sold  €2.54 billion ($3.33 billion) worth of 2 -and 10-year bonds at a keenly anticipated auction on Thursday, with demand up but borrowing costs also on the rise. The yield on the 10-year benchmark bond rose to 5.743% from 5.403% in the previous auction in January

4. Weak numbers from the Philadelphia Federal Reserve that showed a drop to 8.5% in April from 12.5% in March further weighed on investors' moods in late trade.
5. In the US economic front, the number of Americans filing for unemployment benefits was fell by 2000
to 386,000 but lower than the economists expectations of 370,000, a sign of lost momentum in the labour market.
6. France also held bond auctions on Thursday, selling 10.5 billion euros in medium-term debt, with the yield on five-year bonds rose to 1.83% from 1.78% at the previous auction.

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