European shares jump on Japan industrial production

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Source: Bloomberg
European shares advanced, heading for the largest weekly rise in two months, after the Federal Reserve policy maker said the central bank will maintain low interest rates for a considerable amount of time and Japan's industrial production overshot expectations. The Stoxx Europe 600 Index gained 0.4% to 287.42 and the Standard & Poor's 500 Index futures added 0.5%.
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Fri, 28 Jun 2013 08:52:16 GMT

Rise in retail sales signs German recovery

German retail sales data was better-than-expected, which contributes to the recovery in the Europe's biggest economy. The data came after yesterday's unexpected drop in unemployment and increased business and investor confidence. Sales data, adjusted for inflation, increased 0.8% in May from a month earlier, beating experts' expectations of 0.4% rise.

Fri, 28 Jun 2013 08:03:13 GMT

Sterling flat following U.K. confidence, house-price data

The Sterling remained steady versus the U.S. Dollar as an industry data indicated U.K. consumer confidence rose to the highest level in over two years in June. The Sterling was at $1.5263 and declined 0.2% to 85.60 pence against the Euro. U.K. confidence index jumped to minus 21 and house prices climbed 0.3% in June.

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