UK retail sales inch up

Source: WBP Online
Retail sales in the United Kingdom grew at a faster pace in October than expected. After an adjusted 0.4% contraction in September the volume of sales went up 0.8% against the consensus of a more timid 0.3% increase. So far the Sterling has appreciated against all its seven major counterparts: 0.28% against the Euro and 0.31% versus the US Dollar.
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Fri, 21 Nov 2014 13:44:04 GMT

Mario Draghi wants to prod up inflation

The difficult economic context of the Euro zone and weak confidence in its ability to weather the current headwinds have been pushing down the inflation expectations towards the levels referred to by Mario Draghi as 'excessively low'. According to the ECB's President speech at the 24th European Banking Congress held in Frankfurt, the monetary authority does not rule out buying

Thu, 20 Nov 2014 13:35:04 GMT

Manufacturing measure falls to a half-year low

Considering the latest results of a survey among purchasing managers in the production sector of China, the second largest economy appears to be in need of additional stimulus to avoid deterioration of the current situation. The HSBC Manufacturing PMI Index fell to 50.0 from 50.4 reported in October, the lowest level in the last six months.

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