British retail sales rose 2.1% from January

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Source: Bloomberg
British retail sales topped economist`s expectations by gaining 2.1% from January. According to forecasts, there was 0.4% rise expected. Year to year, sales increased 2.6%. The Pound strengthened 0.5% to $1.5178 versus the Dollar after data was released.

"There is still some hope that the economy has avoided a triple dip," said Vicky Redwood, an economist at Capital Economics Ltd. in London. "From here, it is encouraging that the budget provided some further help for households. Nonetheless, with real pay still dropping sharply, a sustained recovery in consumer spending still seems unlikely soon."
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Thu, 21 Mar 2013 13:13:09 GMT

Japan's trade balance in red for the eighth successive month

Merchandise trade deficit in Japan declined to 777.5 billion Yen in February compared to a forecast of a shortfall to 855.9 billion Yen, staying in the red for the eighth time in a row, the Ministry of Finance reported on Thursday. The report said exports fell annually by 2.9% to 5.284 trillion Yen and imports moved up annually by 11.9%

Thu, 21 Mar 2013 12:51:11 GMT

Dow Jones higher on Wednesday as asset purchasing program extended

U.S. shares snapped losses earlier this week, as the Federal Reserve will continue asset purchasing to stimulate growth in the world's largest economy and Euro-area policy makers are working on a new finance plan for Cyprus. The Dow Jones Industrial Average added 0.4%, or 55.91 points, to 1,588.71. All but two groups in the index edged higher. Consumer services group

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