European stocks end lower on US data and weak Tesco sales

Source: Marketwatch
European equity markets closed lower on Thursday after Tesco Plc posted weaker than expected holiday sales and US also reported drop in retail sales in December. Upside support was provided from banking shares as Spain and Italy had successful bond auction. Stoxx Europe and FTSE 100 each lost 0.2%, German DAX managed to end in positive territory and closed 0.44% up.
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Fri, 13 Jan 2012 08:52:42 GMT

US federal budget increased less than expected in December

The US federal budget balance increased less than expected, according to official data released on Thursday. The US federal budget balance edged up to minus USD 86 billion from minus USD 137.3 billion in the previous month, reported Department of the Treasury. Experts predicted the balance to rise to minus USD 79 billion in December.

Fri, 13 Jan 2012 08:46:23 GMT

Loonie weakens as US reports retail sales lower than predicted

Canadian Dollar fell against its major peers on Thursday trade after US, the biggest Canada's trading partner said the retail sales added only 0.1% in December compared to expected increase of 0.3%. Loonie traded at C$ 1.0191 in Toronto evening session. Currently USD/CAD is trading at C$ 1.0173.

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