Retail sales in Sweden rose more-than-expected in July

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Source: Forexpros

Swedish retail sales advanced more than estimated in July. A report made by Statistics Sweden today indicated consumers are continuing to support economic growth, with retail sales rising 0.3 per cent over the month and by 2.4 per cent over the year. Analysts had predicted a 1.7 per cent increase y/y or 0.2 per cent m/m.

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Mon, 27 Aug 2012 18:53:04 GMT

Canadian housing affordability erodes in Q2

Canadian housing affordability fell in the second quarter, as home prices and mortgage rates rose modestly. The cost of owning a home edged up to 43.4 per cent for a detached bungalow, to 49.4 per cent for a two-story home, while the measure for condos remained unchanged at 28.8 per cent, showed by the RBC Housing Affordability index on Monday, August 27. A reading of

Mon, 27 Aug 2012 19:48:05 GMT

U.S. stock futures advance on Apple rise

U.S. stock futures increased, following the first weekly fall of benchmark indexes in almost two months, after Apple Inc. surged amid a $1 billion jury's decision and investors awaited signs on further Fed stimulus. Apple climbed 2.3% to $681.94. S&P 500 Index futures due in September gained 0.3% to 1,414. Dow Jones Industrial Average futures rose 0.1% to 13,167. Nasdaq-100

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