Retail sales in Spain drop

Source: RTTNews
The statistical office of Spain revealed on Wednesday that the country's retail sales continued to decrease last month. Year over year, Spanish retail sales declined by 9.7% compared to a 11% fall in the preceding month. Economists' forecast, however, was that sales would experience a 9.4% decrease.
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Wed, 28 Nov 2012 13:10:16 GMT

Gold lower as Dollar grows

On Wednesday, futures for gold were traded lower, extending a three-day long streak of losses, on stronger U.S. Dollar, which is known to be negatively correlated with the commodity. On the Comex, February delivery futures for the precious metal were traded at $1,742.25 per troy ounce, which was a 0.15% daily fall.

Wed, 28 Nov 2012 12:57:16 GMT

M3 growth in Eurozone increased last month

The European Central Bank reported on Wednesday that the amount of broad money increased at a faster speed in October. Broad money M3 grew at a rate of 3.9%, while the figure for the preceding month was 2.6%. Analysts, however, expected that the October's figure will show a more moderate growth of 2.8%.

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