Eurozone retail sales accelerated in May

Note: This section contains information in English only.
Source: Bloomberg
Retail sales in common currency area unexpectedly surged in May, as improvement in France, Ireland and some other countries managed to offset the falling demand in Germany. Sales climbed monthly 0.6% in May compared to a 1.4% drop in April. Economists predicted the indicator to remain flat. On yearly basis, however, sales have declined by 1.7%. 
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Thu, 05 Jul 2012 06:46:39 GMT

Yen depreciates on hopes for stimulus

The Japanese Yen trade close to flat versus Euro on Thursday but weakened against the US Dollar as investors bet central banks will add stimulus. The Yen fell versus greenback to JPY 79.83 during Asian trading hours. Currently USD/JPY is trading at JPY 79.75. US markets were closed yesterday. 

Thu, 05 Jul 2012 06:22:40 GMT

Australia's trade shortfall broadened in May

Australian trade deficit expanded in May for a fifth straight month on higher level of imports of fuel and industrial equipment. Imports outperformed exports by AUD 285 million (USD 292 million) compared to a AUD 26 million shortfall reached in April, Bureau of Statistics reported on Thursday. The report adds pressure on RBA to prolong interest rate cuts.

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