German bonds rise as retail sales sink

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Source: Bloomberg
© Scanpix\Reuters
German government bunds increased for the second day as data indicated retail sales in Germany unexpectedly plummeted in July, boosting demand for safer assets. The German 10-year bund yield slipped one basis point to 1.84% and the 1.5% note maturing in May 2023 inched up 0.115 to 96.985, while Germany's retail sales retreated 1.4% from June.
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Fri, 30 Aug 2013 13:55:05 GMT

WTI falls for second day after U.K. officials reject Syrian action

West Texas Intermediate decreased for the second day after U.S. officials rejected a plan to take military action in Syria, damping the outlook for an imminent strike and easing worries of disrupting the Middle East overseas sales. The October WTI contract slipped to $106.75 per barrel and Brent for October delivery plummeted 1.3%.

Fri, 30 Aug 2013 13:33:04 GMT

German shares slip as retail sales drop

German shares decreased, prolonging the benchmark DAX Index's monthly fall, on an unexpected plummet in retail sales and concerns about potential U.S. military strikes against Syria. The DAX retreated 0.6% to 8,146.45, extending it's weekly loss to 3.6%. Germany's retail sales slipped 1.4% in July from the previous month.

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