Germany reduces debt auction plan for 2012

Source: Bloomberg
German Chancellor Merkel's government reduced the amount of bills and bonds it plans to sell in 2012. Federal government plan to auction EUR 256.9 billion of debt instead of earlier set target at EUR 260.4 billion. Finance Ministry cut sales of notes with a maturity more than one year and added bonds with a shorter maturity of maximum 12 months. 
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Wed, 13 Jun 2012 08:34:42 GMT

US retail sales probably declined in May

US retail sales are expected to have weakened in May, first time this year. Slower employment growth is likely to have curbed demand for vehicles as well as overall consumer spending, economists predicted on Wednesday. Analysts expect a 0.2% drop compared to a 0.1% advance in April. 

Wed, 13 Jun 2012 08:12:43 GMT

Aussie slightly lower ahead of Greek elections

The New Zealand Dollar and Australian Dollar modestly weakened against their major peers on Wednesday fuelled by worries the outcome of Greek elections may deepen European debt turmoil. Economists predict markets to be nervous until elections. Aussie gave up 0.1% to USD 0.9950 while Kiwi traded flat at USD 0.7769. Currently AUD/USD is trading at USD 0.9944 and NZD/USD is trading at USD 0.7767.   

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