Aussie Economic Growth Start to Slowdown, Spain Continues To Face Higher Borrowing Costs Despite Strong Demand

Latest update from Aussie economic news, RBA Minutes: Output Growth Trend Slowing, The members of the Reserve Bank of Australia's monetary policy board felt that output growth was below trend in recent weeks, prompting them to lower their assessment of growth, minutes from the board's April 3 meeting revealed on Tuesday.
Another bad news, Singapore Non-Oil Exports Unexpectedly Decline In March, Singapore's exports dropped unexpectedly in March, mainly as a result of reduced shipments of non-electronic products, particularly petrochemicals and structures of ships and boats.
From Delhi we reported, India Cuts Key Rates First Time In 3 Years, India's central bank decided to slash its key interest rates for the first time in three years, lowering them by a more-than-expected 50 basis points to support growth. At the same time, the bank signaled that inflation limits the scope for further such actions. Here is the details, The Reserve Bank of India on Tuesday cut the repo rate to 8.00 percent from 8.50 percent with immediate effect. The repo rate is the rate at which the central bank lends to banks.
From British economic news, U.K. Inflation Rises Unexpectedly In March, U.K. inflation increased for the first time in six months in March driven by higher food and clothing prices, denting hopes of another round of quantitative easing.
From Deutschland we reported, German ZEW Investor Confidence Rises Unexpectedly In April, Investor confidence in Germany improved unexpectedly in April and for a fifth consecutive month, revealing the strong positive sentiment among businesses over the country's economic prospects despite the lingering debt woes.
Spain Continues To Face Higher Borrowing Costs Despite Strong Demand, Spanish borrowing costs continued to rise on Tuesday as the country paid higher yields at a treasury bill auction on Tuesday despite strong demand.
Meanwhile, U.S. Housing Starts Fall To 654,000 In March, Below Expectations, New housing construction in the U.S. dipped unexpectedly in March, but an equally unexpected jump in construction permitting offers hope for the future of the beleaguered housing market.
From Commerce Department latest update, According to figures released Tuesday by the Commerce Department, new privately-owned housing starts came in at a seasonally adjusted annual rate of 654,000, a 5.8 percent drop from February levels. Additionally the February figures were revised down slightly from the 698,000 rate initially reported to 694,000