US shares lifted by positive economic data

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Source: Money CNN
US stock markets traded higher on Thursday as investors anticipated overall positive economic statistics and took into account Fed's chairman testimony. S&P 500 index gained 0.62% or 8.41 points and closed at 1,374.09, Dow Jones Industrial Average index climbed 0.22% or 28.23 points to 12,980.30 while Nasdaq Composite added 0.74% or 22.08 points and finished at 2,988.97.
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Fri, 02 Mar 2012 10:42:19 GMT

EU accelerated funding for permanent bailout fund

European officials agreed to supply the capital faster to the permanent Euro firewall in order to strengthen region against debt woe. Euro governments are likely to provide first two yearly installments into rescue fund in 2012 and finish the capital injection in 2015 or a year earlier than was planned. The decision comes as a response to IMF and world leaders' pressure

Fri, 02 Mar 2012 10:05:39 GMT

Retail sales in Germany fell in January

Retail sales in Germany unexpectedly dropped in January as surging crude prices boosted inflation. Inflation adjusted retail sales lost 1.6% compared to December, said Federal Statistics Office on Friday. Economists predicted an improvement of 0.5%. Rising energy costs bolstered German January inflation to 2.5%. Nevertheless the country faces 20-year record low unemployment level and consumer confidence keeps climbing. 

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