US stocks close higher on retailer gains

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Source: Marketwatch
US shares mostly gained on Wednesday as data on robust post Christmas shopping and car sales in previous month helped to offset worries about European debt woe. Dow Jones Industrial Average added 0.2% or 21.04 points and finished at 12,418.42 while S&P 500 Index advanced 0.02% or 0.24 points, at 1,277.30. Nasdaq Composite, however, ended modestly down 0.01% or 0.4 point reaching 2,648.36.
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Thu, 05 Jan 2012 07:01:55 GMT

France: Households' consumption fell 0.1% in November

France's household expenditure on goods declined by 0.1% seasonally adjusted in November after 0.1% rise in October. The demand for durables increased by 1.5% mostly due to 3.2% increase in car purchases while the consumption of textile goods and energy products tumbled 2.1% and 0.5%, respectively.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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