German exports rose in November by 8.3%

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Source: Forexfactory

German exports totaled EUR 94,9 billion while imports totaled EUR 78,7 billion in November, reported Destatis. The exports expanded by 8.3% while imports added 6.7% on a yearly basis in November. Considering monthly changes, the exports gained 2.5% while imports declined by 0.4%. The foreign trade balance was EUR 16.6 billion in November, Destatis added.

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Mon, 09 Jan 2012 15:56:28 GMT

Switzerland's retail sales soar in November

Retail sales in Suisse increased essentially more than expected in November. The retail sales surged 1.8% on an annual basis in November while analysts expected them to add 0.5%, reported Switzerland's Federal Statistical Office. After the data release, Swiss Franc stayed higher against the USD and the pair USD/CHF is currently trading at 0.9536, shrinking 0.16%.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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