European equities edge higher on positive Chinese data

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Source: RTTNews
After falling on Wednesday due to disappointing reports of BG Group, ArcelorMittal and Barclays, today European shares opened higher as data indicated signs of growth in China's manufacturing sector. The purchasing managers' index advanced to 50.2 this month from 49.8 the prior month. Experts said Chinese economy is recovering after suffering from decreased exports.
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Thu, 01 Nov 2012 09:10:05 GMT

Loonie set for decline as GDP shrinks

The Canadian Dollar approached a 12-week low versus the greenback as Canada's GDP shrank for the first time in 6 months. The loonie traded below the parity level with its U.S. peer for a third day as Statistics Canada reported that output unexpectedly decline 0.1% to C$1.29 trillion in August from July year-on-year. Canada's currency was little changed at 99.64

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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