US cost of living falls

Source: Marketwatch
© Scanpix/Reuters

In US the Labor Department reported CPI went down by 0.1% in October. The rate of inflation slightly rose by 0.1% but it is the lowest monthly increase in 2011. The decline in CPI was mainly because of decrease of gasoline prices. Energy prices fell by 2.0% while food prices slightly increased by 0.1%. Lower CPI implies more cash for consumers thus more spending and more retail sales.

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Thu, 17 Nov 2011 13:34:45 GMT

Spanish 10-year bonds yield rose to about 7%

Spanish cost of borrowing hit 6.974% in November as compared to 5.433% in October. High unemployment and low growth rate undermined investors' confidence in country's ability to repay its debts. Continued worries about spreading Eurozone's debt crisis also impacted other economies. French short-term yields rose as well.

Thu, 17 Nov 2011 13:33:30 GMT

UK retail sales increased in October

The Office for National Statistics reported increase in UK retail sales by 0.6% contradicting to analysts' forecast of sales decline. Sales volumes grew by 5.3% in small shops being seven- year high increase. Analysts claim that increase was mainly due to higher demand in pre-Christmas time and aggressive price promotions.

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