The stock market is picking up where it left off before its scare over debt problems in Dubai.
FNB's annual house price index climbed in November, the bank said today.
The dollar has tumbled to 14-year low against the Japanese yen after the U.S. Federal Reserve indicated it wasn't overly concerned about the dollar's recent decline versus major currencies.
Dubai World says it will restructure part of the group, including property arm Nakheel.
The dollar came under fresh pressure against the yen and euro in Asian trade after lacklustre US data marred expectations for a sustainable rebound in the global economy.
Oil prices rebounded to near $77 a barrel Monday in Asia as panic about a global fallout from Dubai's debt problems abated.
US stocks surged Monday after the release of some surprisingly buoyant data on home sales.
Gold prices have rocketed to record heights close to $1 200 dollars an ounce as a "perfect storm" of market conditions propels demand for the precious metal, analysts said.
The dollar rose as investors looked to hunker down with safe-haven assets amid fresh concerns about the strength of global economic recovery.
Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery.
US shares extended their rally, hitting fresh 2009 highs with strong US retail sales and upbeat economic news from Asia.
