U.K. retail sales top expectations

Note: This section contains information in English only.
Source: Bloomberg
U.K. retail sales increased more than it was forecasted by economists in July as the hot weather conditions fueled demand for food and alcoholic beverages. According to Office for National Statistics, sales grew 1.1% in July; however, analysts predicted 0.7% rise. Retail sales have increased for three straight months, making it the first time in four and a half years.
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Thu, 15 Aug 2013 11:04:05 GMT

Asian shares drop on mixed earnings

Asian shares declined, halting the benchmark's MSCIA Asia Pacific Index six week streak of gains, on mixed corporate earnings in the region and on expectations that the Fed will start tapering in September. The MSCI Asia Pacific Index slid 0.7% to 135.09 at 6:11 p.m. Tokyo time, however, the equity-benchmark has risen 8% since June 25.

Thu, 15 Aug 2013 09:37:10 GMT

Oil jumps for fifth day amid Middle East concerns, decline in U.S. inventories

Oil prices prolonged their five-day jump, continuing their previous climbs and aiming even higher amid escalated concerns in the Middle East countries and a sharp fall in U.S. oil supplies. WTI futures advanced 0.24% to $107.11 per barrel and the European benchmark Brent increased 0.57% to $110.83. U.S. crude inventories dropped by 2.8 million barrels to 360.5 million barrels.

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