Japanese retail sales supported by firm car demand

Source: BBC
Japanese retail sales increased more than projected in January on the soaring car sales due to subsidies on the energy efficient vehicles. Retail sales grew by 1.9% on an annualized rate while car sales surged by 24%. The surge followed government's incentives such as subsidies aimed at boosting domestic car demand as Japan's car producers were severely harmed by the tsunami and earthquake.
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Tue, 28 Feb 2012 08:10:44 GMT

Pending house sales increased more than expected in the US

US pending home sales rose more than initially expected last month, approaching the highest level in almost two years, according to industry data. The pending home index added 0.2% last month as compared to a 1.9% fall in December, reported the National Association of Realtors. Analysts predicted the sales to grow by 1.0% in January.

Tue, 28 Feb 2012 10:00:27 GMT

European shares decline on G-20 announcement

European stock markets closed lower on Monday, pushed down by G-20 statement Euro Area should increase the financial fire-power by itself and only then call for more help. Nevertheless, losses were partly offset by better than expected pending home sales data in US. Stoxx Europe 600 index FTSE 100 each slipped 0.3%, German DAX fell 0.2% and French CAC 40 index tumbled

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