MTECHTIPS

MTECHTIPS:-News:
1. Chile's central bank late Tuesday held the country's key interest rate at 5%, meeting widely held expectations. The decision marked the third straight meeting at which policy makers held the target rate
steady. Analysts had expected the rate to be kept unchanged as Chilean inflation has slowed and as
uncertainty about global growth lingers.
2. In US report showed construction falling 5.8% and housing permits climbing 4.5% in March. A separate report had industrial production unchanged for a second month in March.
3. The ICE dollar index, which measures the greenback's performance against a basket of six other major currencies including the yen, rose to 79.629 from 79.561.

3. Spain sold 3.2 billion euros ($4.21 billion) of 12 and 18-month bills on Tuesday exceeded its target
of 3 billion euro due to good demand from domestic banks. Investors shrugged off the rise in bond yields
due to good demand for the bond in the market.
4. German ZEW indicator of investor sentiment showed an unexpected increase in April, recorded as the fifth straight monthly gain. The indicator rose to 23.4 from 22.3 in March, reversing the economist's forecast of decline to 20.0.
5. International Monetary  Fund raised its outlook for global economic growth to 3.5% for year citing improved financial conditions and unwinding of the financial crisis.