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According to a new survey, a majority of the residents in the national capital, Delhi believe that the overall environment has deteriorated during the previous five years.

The survey was conducted by the Energy and Resources Institute and covered a total of six major cities across the country.  It showed that about 80per cent of the respondents in Delhi said that the city's environment has deteriorated during the past five years.

London, June 4 : Construction sector in Britain rebounded moderately in May as boosted by fast increases of residential building work, said a market survey report released Tuesday.

The Construction Purchasing Managers' Index (PMI) jointly issued by Markit and the Chartered Institute of Purchasing and Supply (CIPS) rose to 50.8 in May from 49.4 in the previous month, hitting the highest since October last year.

A PMI reading of 50 or greater indicates expansion, while below 50 indicates contraction.

Paris, June 4 : The International Monetary Fund (IMF) Tuesday lowered its forecasts for the French economy by 0.1 percentage point respectively in 2013 and 2014.

The organization said France's gross domestic product (GDP) would contract by 0.2 percent this year and grow by 0.8 percent in 2014, instead of the previous predictions of 0.1 percent contraction in 2013 and a 0.9 percent growth next year, reported Xinhua.

"We expect a gradual turnaround of economic conditions in the second half of this year, but risks of a more prolonged stagnation in Europe remain elevated," the organization noted.

Hyderabad, June 4 : The Andhra Pradesh State Level Bankers Committee (SLBC) has proposed an annual credit plan of Rs. 1.33 lakh crore for 2013-14, up from Rs. 1.10 lakh crore in the last fiscal.

Of the total plan of Rs. 1,33,074 crore, priority sector credit outlay is pegged at Rs. 99,894 crore and non-priority sector Rs. 33,180 crore. The outlay for the priority sector has been increased by 21.57 percent compared to Rs. 82,167 crore during 2012-13.

Thiruvananthapuram, June 4 : Nine people have died of fever in Kerala and 14,000 new cases, including those of jaundice and dengue, have been reported from across the state, an official said Tuesday.

Thiruvananthapuram has reported the highest number of such cases. More than 2,000 fresh cases have been reported from the hilly district of Wayanad.

At least 91 people Monday tested positive for dengue. Nine people died Monday, and 14,000 new cases were reported, the official said.

We can see some mixed picture on the markets today. The USD is up against the AUD, JPY and GBP. It is, however, sideways against the EUR, while GOLD is down and S&P Futures unchanged. The main focus today is on the AUD, which is moving lower across the board as the RBA leaves the door firmly open for further rate cuts. From a technical perspective, we see some nice structure that could be good for shorts in the next 24 hours.

We can see a three wave rise from the lows followed by a recent sharp intra-day downward reaction that could be the start of a new bearish cycle. However, we want to see further weakness during the days towards the lower side of a trading channel. In this case, we would focus on wave 2 pull-back or shorts.