US Retail sales added 0.4% in January

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Source: Marketwatch
US retail sales advanced 0.4% in January, said the government on Tuesday. Retail sales excluding auto industry climbed 0.7%. Economists predicted retail sales to expand by 1%. Although auto sales accelerated sharply in January, the vehicles were sold at huge discounts and revenue fell from USD 72.5 billion in December to USD 71.1 billion in January. 
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Wed, 15 Feb 2012 07:41:38 GMT

European shares close down on US retail statistics

European markets finished into negative territory on Wednesday as US government reported the nation's retail sales expanded less than predicted and Moody's cut credit ratings for six European countries including Spain and Italy. Stoxx Europe 600 index lost 0.2%, Athens General Index dropped 2.8% and CAC 40 index gave up 0.3%. German DAX 30 index slipped 0.2% and FTSE 100 index

Tue, 14 Feb 2012 15:25:06 GMT

DAX 30 pares gains from investor confidence index

German DAX index moved in both directions on Tuesday supported by unexpected jump in investor confidence and weighted down by Moody's and weaker US retail sales. Despite reporting a big decline in 2011 profit, MAN SE rallied 1.5% as its CFO H. Lutz claimed the company has a notable growth potential in medium and long run due to the collaboration

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