UK retail sales decreased in February

Source: Bloomberg
UK retail sales dropped in February for a second straight month as a decline in clothing buying offset the gains from food purchases, reported British Retail Consortium. Sales at stores that are operating at least one year fell 0.3% on annual basis. Same magnitude decline also took place in January. Although BoE expects slowing inflation to bolster consumption, the surge in unemployment and oil prices could curb the spending, suggest analysts. 
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Tue, 06 Mar 2012 13:55:26 GMT

Precious metals tumbled after China's growth target cut

Precious metals tumbled on Monday after China announced it has set an eight-year low growth target of 7.5% for 2012. The commodity group started to move closer with riskier assets hence slowdown in the world's second largest economy created strong downward pressure on the precious metals. However, slightly lower US Dollar and increased dip buying limited the losses. Gold was

Tue, 06 Mar 2012 13:40:42 GMT

Portugal to return in bond markets in 2013

International Monetary Fund expects Portugal to return in sovereign bond markets next year. Portuguese government is attempting to reduce spending and increase taxes in order to fulfil IMF requirements in exchange for EUR 78 billion rescue package. Portuguese PM Pedro Passos Coelho expects country's economic performance to improve in next few months. 

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