Retail sales in Australia met expectations in January

Note: This section contains information in English only.
Source: Forexpros
Australian retail sales increased in compliance with expectations last month, according to Australian Bureau of Statistics.  The retail sales jumped by 0.3% on a seasonally adjusted basis last month as compared to a 0.1% fall in December. On an annual basis, retail sales increased by 2.7% in January. Following the data release, Australian Dollar appreciated against US counterpart and the pair AUD/USD traded at 1.0809, gaining 0.38%.


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Wed, 29 Feb 2012 12:22:09 GMT

S&P 500 index edges higher on US consumer confidence

S&P 500 index ended Tuesday session on the positive side as the drop in crude prices and better than predicted US consumer confidence supported investor optimism. The index added 0.34% or 4.59 points and finished at 1,372.18. Priceline.com Inc. jumped 7% on profit report that beat estimates. Micron Technology added 3.7% after acquiring Intel Corp stake. Apollo Group tumbled 16%

Wed, 29 Feb 2012 14:36:49 GMT

Fiat to invest 1.1 billion US Dollars to set up plant in Russia

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