European stocks gain on German data

Source: Forexpros
© Scanpix/AFP
On Wednesday, European stocks were rising during European morning trading hours, extending yesterday's rally, after the release of data which showed an increase in German retail sales. The Euro Stoxx 50 climbed by 0.64%, French CAC 40 gained 0.58%, while German Dax 30 added 0.63%.
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Wed, 31 Oct 2012 12:39:00 GMT

Asian currencies appreciate for fifth month

Asian currencies are higher for a fifth month with the South Korea's won in a lead. Investors pay more attention to Asian currencies as the first signs of China's recovery appeared. Industrial output, investments and retails sales data shows positive development prospects and improves risk sentiments. The Won increased the most this month - 1.9%.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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