U.S. consumer income increased less than expected

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Source: Bloomberg
© Scanpix/AP

Commerce Department reported on Friday that the income of the U.S. consumers gained 0.1% in the previous month, matching a July's gain. Economists predicted that there would be a more significant increase of 0.2%. Disposable income, however, declined by 0.3% after adjustments for inflation, which was the worst reading since November.

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Fri, 28 Sep 2012 19:16:34 GMT

Canadian GDP gained more than expected

Statistics Canada reported on Friday that the adjusted for inflation Canadian gross domestic product added 0.2% in July, compared to a June's increase of 0.1%, which was revised down from an initial estimate of a 0.2% growth. Analysts expected that the real GDP gain in July would remain unchanged from the June's reading.

Fri, 28 Sep 2012 17:15:32 GMT

German stocks tumble; retailers weight

German stocks fell on Friday ahead of Spanish bank's stress test results. Pessimistic news from the US also created heavy pressure on German equities. Adding to the negative mood of German blue chips, the country's retail sales rose 0.3% last month compared to a forecast of a 0.5% increase. The DAX Index lost 0.75% to trade at 7,235.05. All sectors

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