U.S. consumer confidence improves on better economic outlook

Note: This section contains information in English only.
Source: Bloomberg
Last week consumer confidence almost hit its six-month high, since consumers become more optimistic about the economic outlook for the U.S. The report released by the Conference Board showed the consumer confidence index surged from 68.4 in September to 72.2 the prior month. The Bloomberg Comfort index slightly decreased to minus 34.7, yet advancing from its low in mid-April. The confidence was bolstered by lowered fuel prices and prosperous housing.

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Thu, 01 Nov 2012 19:37:06 GMT

Greek shares inch lower on doubts about fulfilling the austerity program

Greek stocks fell for the sixth consecutive day on worries the government may fail in complying with austerity measures. The FTSE/Athex Banks Index touched its lowest level since early September by plunging 12%. Meanwhile, the ASE index tumbled 5% to 761.24, resulting in a weekly decline of 13%. National Bank of Greece SA dropped 12 %, the Public Power Corporation slumped 11%, and Opap SA slid

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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