German retail sales drop surprisingly

Note: This section contains information in English only.
Source: Bloomberg
German retail sales fell surprisingly in June, underlining the worries that about Europe's recovery depended on consumer spending. It was expected that retail sales will rise 0.2%; however, they declined 1.5% from May, when sales climbed 0.7%, according to Federal Statistics Office. For comparison, they fall 2.8% compared to previous year.
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Wed, 31 Jul 2013 10:37:05 GMT

Euro falls before unemployment report; Fed meeting conclusion

The common currency fell moderately versus the U.S. Dollar before key data releases that may indicate that the Euro area's unemployment rate remains high, while investors expect the outcome of the Federal Reserve's policy meeting. The 17-nation currency added 0.03% to $1.3266 versus the greenback and jumped 0.11% to 129.86 against the Japanese Yen. 

Wed, 31 Jul 2013 09:11:06 GMT

European shares retreat

European shares declined, snapping their biggest monthly gains in almost two years, as major companies reported their financial results. The Stoxx Europe 600 Index slipped 0.2% to 298.89 as of 8:08 a.m. London time; however, the gauge rose 4.9% in July after Fed's remarks. Standard & Poor's 500 Index futures slid 0.1% today, while the MSCI Asia Pacific Index retreated

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