Swiss retail sales slowed in February

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Source: RTT News
Switzerland's retail sales growth decelerated in February, said Federal Statistical Office on Monday. The growth of Swiss retail turnover slowed rapidly from annual 4.7% in January to 0.8% in February. Sales in nominal terms shed 2.2% on year-on-year basis. Eliminating gasoline, the retail industry posted a yearly advance in real turnover of 0.4%. Food, tobacco and drinks added 0.3% while non food sector dropped 0.5%. 
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Tue, 03 Apr 2012 06:30:08 GMT

European stocks rally on Monday

European shares advanced sharply on Monday as data showed manufacturing in US accelerated in March. Stoxx Europe 600 index climbed 1.5%, French CAC 40 index added 1.1% and German DAX jumped 1.6%. UK FTSE 100 index rallied 1.9%. Athens General index broke the positive trend and shed 2.1% driven by local banks. 

Tue, 03 Apr 2012 05:42:04 GMT

Australia sticks to current benchmark rate

Australia's central bank decided to leave its key interest rate unchanged on Tuesday meeting citing stabilization in Europe and better macroeconomic data from U.S. RBA kept the benchmark rate at 4.25%, matching analyst expectations. RBA board leaves constant rate for a third straight round after two cuts in 2011. 

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