China's PPI saw 1.7% increase last month

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Source: China.org.cn
Growth of the Chinese producer prices decelerated in December to the slowest increase pace in the last two years. China's PPI, gauge of inflation in the wholesale sector, increased by 1.7% on a yearly basis, reported the NBS. The total PPI for 2011 edged up 6%. Experts predict short-term stimulus for prices ahead of the Chinese holidays while the long-term downward movement is likely to persist amid global recession.


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Thu, 12 Jan 2012 19:28:18 GMT

US retail sales increased less than expected in December

US retail sales advanced less than initially projected in December, growing at the slowest pace in the last seven months. The sales increased by 0.1% seasonally adjusted in December as compared to 0.3% expected, reported the U.S. Census Bureau. Core retail sales fell by 0.2% in December after jumping by 7% in November.

Thu, 12 Jan 2012 19:28:06 GMT

Crude oil rallies on the Nigeria supply fears

Crude oil advanced on the increasing worries over the Nigerian and Sudan oil supply disruption and weaker US Dollar. Light, sweet crude oil February contract traded at USD102.59 a barrel at the US morning session, on the New York Mercantile Exchange, jumping 1.7%.

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