Canadian retail sales fell in April

Source: Bloomberg
Canada's retail sales tumbled in April, Statistics Canada reported on Thursday. Retail sales diminished by 0.5% attaining USD 38.9 billion in April. Sales dropped by 0.8% when measured by volume. Analysts had expected a gain of 0.3%. Canadian Dollar weakened after the data release. 
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Fri, 22 Jun 2012 08:59:06 GMT

US stock indices experience second worst session in 2012

US shares tumbled on Thursday as reports over the world indicated a notable slowdown in global manufacturing. Main stock indices faced the second worst trading day of 2012. S&P 500 index tumbled 2.23% or 30.18 points finishing at 1,325.51. Dow Jones Industrial Average fell 1.96% or 250.82 points and closed 12,573.57. Nasdaq Composite slipped 2.44% or 71.36 points and ended at 2,859.09. 

Fri, 22 Jun 2012 08:37:05 GMT

European FM battle over Spain's and Greece's aid

Europe's FMs are struggling to agree on joint strategy how to tame European debt turmoil. Parties involved in lending EUR 240 billion to Greece showed no signal of providing additional time for the recently elected government to accomplish deficit reduction targets. Moreover officials are disputing how to develop a recapitalization program of Spanish financial system maintaining investor trust. 

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