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Thursday, January 21, 2010

The Chinese economy has grown considerably in the forth quarter. This had led to a growth of 8.7% on a yearly basis. This is higher than the 8.5% analists have expected and higher than the target of 8.0% of the Chinese government. The Chinese CPI was 1.9% in December. Analists expecter 1.7%. The Chinese government declared that it in light of the strong recovery of the economy it will strive to keep fast price increases from occurring.

The Dutch Bank (DNB) had announced yesterday that savers have found their way back to the stock market. For some months in a row, Dutchmen have withdrawn savings from their accounts. DNB declared that at least some of this money has found it's way to the stock exchange. Dutch households have bought 750 million worth of shares in the months of October and November.

In the US the number of new houses on which construction has started has decreased by 4.0%. Analists expected a drop of 0.2%. The number of building permits increased with 10.9% in December whilst analists expected a rise of 0.2%. Mortgage applications rose 9.1% and refinancing of mortgages rose with 10.7%. These numbers give analists confidence that housing will sustain recovery during the first quarter of 2010.

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