Germany's factory orders declined by 4.8%

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Source: Forexpros

Germany's factory orders decreased more than expected in December. The orders declined by 4.8% on a seasonally adjusted basis from 5.2% increase in November, reported Bundesministerium für Wirtschaft und Technologie. Experts predicted the Germany's factory orders to slip by 1.6% in December.

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Fri, 06 Jan 2012 15:48:57 GMT

Deutsche Bank lowers metals' price forecast for 2012

Deutsche Bank AG cut the forecast for metals' prices for this year citing negative economic outlook and high probability of firmer dollar. Industry metals faced the most essential cuts with nickel's expected price was decreased by 19% to $18,625/ton, copper by 18.8% to $7,350/ton and aluminium by 17.8% to $2,138/ton. Precious metals are also likely to fall with gold falling by 3.9% to $1,825/oz, silver

Fri, 06 Jan 2012 15:48:34 GMT

Retail sales in the Euro Zone faced 0.8% decline in November

Retail sales in the Euro Zone decreased by 0.8% in November on a monthly basis after adding 0.1% in the preceding month, reported Eurostat. The volume of sales declined by 2.5% in November year-to-year while experts predicted the figure to decline by 0.4% monthly and by 2.5% yearly.

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