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    Australia Home Loans Rise 2.0% In October

    The total number of home loans issued in Australia was up a seasonally adjusted 2.0 percent on month in October, the Australian Bureau of Statistics said on Tuesday - worth A$18.21 billion.

    Loans for owner occupied housing rose 2.2 percent to A$13.11 billion, while investment loans gained 1.4 percent to A$5.10 billion.

    On a yearly basis, overall loans gained 0.9 percent, while owner occupied loans jumped 5.7 percent and investment loans dropped 9.7 percent. Personal fixed term loans were up 3.1 percent on month and down 9.4 percent on year to A$1.73 billion.

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    Euro Mixed Following German PPI





    After the release of German producer price index at 2.00 am ET Wednesday, the euro traded mixed against its major rivals. While the euro fell against the pound, it changed little against the rest of major counterparts.

    The euro was trading at 1.1138 against the greenback, 121.90 against the yen, 1.0926 against the franc and 0.8490 against the pound around 2:02 am ET.

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