Retail sales in Suisse increased less than projected

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Source: Forexpros

Switzerland's retail sales decreased more than projected in November falling for the third consecutive month, according to official data. The sales dropped by 0.2% on a seasonally adjusted basis as compared to 0.9% in the previous month, reported Federal Statistics Bureau. Economists expected an increase of 1.2% in November.

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Fri, 02 Dec 2011 13:35:16 GMT

Unemployment in Canada rises

The unemployment rate increased unexpectedly in Canada in November, according to official data. The indicator rose to 7.4% in November on a seasonally adjusted basis from 7.3% in October while analysts predicted the rate stay unchanged, according to Statistics Canada.

Fri, 02 Dec 2011 14:19:02 GMT

S&P 500 experiences a modest decline

On Thursday S&P 500 Index was slightly down 0.2% or 2.37 points and closed at 1,244.59. On the upside were technology and resource stocks which were the best performers among 10 industries. Netflix added 4.09% while Cf Industries Holdings gained 5.14%. Yahoo! Inc joined successful performers within the index trading by 3.31% higher after Alibaba Group Holding announced it is planning make a bid. On the downside were financials with Citigroup

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