UK retail sales drop in October

Note: This section contains information in English only.
Source: Bloomberg
UK retail business faced a decline in October rising traders concerns about approaching Christmas sales. According to British Retail Consortium (BRC), trading at shops opened in last 12 months has decreased by 0.6 % compared to previous year. Significant drop in sales was detected also in furniture and food industries. Stephen Robertson, BRC general director claimed a fall in sales to indicate weak consumer confidence.
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Tue, 08 Nov 2011 09:30:14 GMT

Indonesia’s economy gains 6.5%

Indonesian GDP added 6.54% throughout July to September. The country experiences growth for a 4th quarter indicating economy recovery. National consumption together with exports and investment are the main contributors to Indonesia growth. According to Dariusz Kowalczyk, Credit Agricole CIB strategist, the growth proves country's strength against external global weakness. Nevertheless, Bank Indonesia said, it is not planning to decrease borrowing rates.

Tue, 08 Nov 2011 08:10:48 GMT

US stocks climb after Juergen Stark’s announcement

US equities experienced increase after Juergen Stark, the ECB's executive board member claimed the Eurozone debt turmoil will be restrained and controlled in two years. S&P 500 gained 0.6% reaching 1,261.12 in New York evening trading session while Dow added 0.7& climbing to 12,068.39 today. According to Stark, in two years Eurozone won't need political intervention.

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