German retail sales surge 1.5% in November

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Source: The Wall Street Journal
Retail sales in Germany jumped as much as 1.5% in November of the current year, while analysts expected a three times smaller increase of 0.5%-0.6%. Experts say that strong retail sales in the biggest economy of the Eurozone are showing that the recovery in the country continues to gain pace. In Germany, retail sales contribute around 25% of all private consumption.
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Tue, 07 Jan 2014 15:50:04 GMT

German shares climb after unemployment falls

German shares gained after nation's unemployment data showed the biggest fall in two years, indicating on growing sentiment among Germany's companies. The DAX added 0.7% to 9,490.21 as of 1:47 p.m. Frankfurt time and the gauge jumped 25% last year as the ECB kept benchmark interest rates low. The HDAX Index climbed 0.6 today.

Tue, 07 Jan 2014 15:23:03 GMT

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