Swiss trade surplus grew in May more than expected

Source: Forexpros

On Thursday, Switzerland's Federal Statistics Office reported that the Swiss trade surplus increased to CHF2.48 billion in the last month from the April's figure of CHF1.26 billion, which is a revised down figure from CHF1.33 billion. Analysts, however, expected that the May's trade surplus would be CHF1.97 billion.

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Thu, 21 Jun 2012 10:37:04 GMT

Retail sales in the U.K. gained 1.4% in May

U.K. retail sales gained more than expected, after a sharp fall in April. U.K. Office for National Statistics reported that retail sales grew by 1.4% in May on a seasonally adjusted basis, whereas initial forecast was that it would rise only by 1.2%. The figure for April was revised down from a 2.3% decline, reaching a 2.4% fall.

Thu, 21 Jun 2012 09:15:03 GMT

US shares face a choppy session on Fed's decision

US equities ended modestly lower on Wednesday after Federal Reserve disappointed investors lowering growth forecast for 2012 and expanding only Operation Twist program instead of expected quantitative easing. S&P 500 index slipped 0.17% or 2.29 points and closed at 1,355.69, Dow Jones Industrial Average gave up 0.1% or 12.94 points and closed at 12,824.39. Nasdaq Composite ended marginally higher adding

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