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Source: Reuters
South Korean Won rocketed to a seven-week high and government bonds diminished following the EU leaders` decision to aid troubling banks, agglomerating demand for riskier assets. The Won added 0.8% at the close in Seoul, after weakening by 0.3%. The currency advanced 1% since June 22 fixing a fifth weekly gain. The Won`s one-month volatility deteriorated 31 basis points.
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Fri, 29 Jun 2012 10:09:24 GMT

German retail sales fell in May

Retail sales in Germany unexpectedly declined for a second straight month in May highlighting the negative impact of debt crisis on economy. On monthly basis retail sales contracted 0.3% contrasting the predicated improvement of 0.2%. On annual basis sales have lost 1.1%. Germany's unemployment level remained flat at 6.8% in June while the number of jobless people climbed by 7000.

Fri, 29 Jun 2012 11:39:25 GMT

China's Industrial Companies Profits decline

Profits of Chinese industrial companies shrank for a second consecutive month in May owing to economic slowdown. According to the National Bureau of Statistics, income declined by 5.3% from 2012 to USD61 billion. It is expected that the Chinese government may introduce measures to foster economic growth by stabilizing international trade and investing in infrastructure development. 

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