China Warns Economy is Still Under Pressure, U.S. Housing Starts Fall To 746,000 Lower Than Expected

Global economic horror still going on friends, the biggest economic country China's Wen Warns Economy Still Under Pressure, China's Premier Wen Jiabao has said that the economy is still under pressure and probably being more depress, despite some positive signs in some sectors, the official Xinhua News Agency reported Wednesday

From Samsung and Hyundai countries we reporting, South Korea Unemployment Rate Slips To 7-Month Low, The unemployment rate in South Korea fell to its lowest level in seven months in July amid an increase in the number of self-employed persons, data released by Statistics Korea showed Thursday

British economic news we reporting, U.K. July Retail Sales Unexpectedly Rise On Promotions, Discounting, U.K. retail sales expanded unexpectedly in July driven by promotions and discounting, the Office for National Statistics revealed Thursday. Further, the upward revision to June's retail sales boosted hopes that the economy contracted less than initially estimated in the second quarter and probably for next quarter

How about house industry and mortgages in U.S.?? This is the detail data, U.S. Housing Starts Fall To 746,000 In July, Lower Than Expected, New housing construction in the U.S. dipped more than expected in July, but an equally unexpected strong jump in construction permitting offers hopes for the future of the beleaguered housing market.

But anyway, According to figures released Thursday by the Commerce Department, new privately-owned housing starts came in at a seasonally adjusted annual rate of 746,000, a 1.1 percent drop from June levels. Most economists had predicted a drop in housing starts from the rebound in June

Another economic data, U.S. Weekly Jobless Claims Come In Slightly Higher Than Expected, Initial claims for U.S. unemployment insurance came in slightly higher than anticipated in the week ended August 11th, according to a report released by the Labor Department on Thursday, although claims appear to have stabilized following recent volatility