US retail sales probably declined in May

Source: Bloomberg
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. 
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Wed, 13 Jun 2012 08:45:41 GMT

Sweden is least exposed to Greek exit

Karolina Ekholm, Riksbank Deputy Governor claimed the Sweden's exposure to Greek economy is insignificant. Therefore the Nordic country would not suffer from Greek Euro exit. Sweden a country that refused to introduce Euro currently is a haven for sovereign debt traders. Swedish 10-year notes trade at 1.49% today.

Wed, 13 Jun 2012 08:23:42 GMT

Germany reduces debt auction plan for 2012

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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