Australian retail sales advanced in June more than expected

Note: This section contains information in English only.
Source: Bloomberg
According to the Bureau of Statistics, Australian retail sales rose by 1% to A$21.6 billion in June, beating economists' expectations. Sales increase has been aroused by 4 interest rate cuts since 2011 as well as benefit checks and carbon rebates paid out. As a result, the Australian Dollar strengthened.
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Thu, 02 Aug 2012 06:23:56 GMT

S&P retains its positive outlook for Germany

Standard & Poor's retained a positive outlook for Germany's AAA credit rating, after Moody's Investors Service warned on July 23 that the nation's Aaa rating under threat. S&P said that Germany will be able to combat any potential economic and financial troubles, due to its highly competitive and diversified economy, strong balance sheet as well as public finances.  

Thu, 02 Aug 2012 15:23:58 GMT

European stocks continue to gain

On Wednesday, August 1, European stocks edged higher amid speculations about decisive actions from central banks to support the economy. The Stoxx Europe 600 Index soared 0.5 per cent to 262.57. At the same time, the U.K.'s FTSE 100 rose by 1.4 per cent, while Germany's DAX, on the contrary, erased 0.3 per cent.   Next Plc added 6.5 per cent, Arkema SA jumped 5.7

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