UK Retail Sales rise less than expected in June

Note: This section contains information in English only.
Source: Investing.com
During the month of June retail sales rose by 0.1% in the United Kingdom. However, this increase was unsatisfactory compared to its forecast. After the release, the Sterling extended losses versus the Dollar, dropping by 0.16% from 1.7040 to 1.7018. In the meantime, European stocks were varied. Euro Stoxx 50 climbed 0.4%, FTSE 100 dropped 0.1% and DAX rose by 0.2%.
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Fri, 25 Jul 2014 05:20:17 GMT

IMF predicts lower growth in the US

According to the International Monetary Fund, the US economy is expected to grow 1.7% this year, representing a cut from last month's forecast of 2% growth. The decline in growth predictions ought to add to the subsequent drooping in the labour market for the following years. The IMF also advised the US to better wage distribution.

Thu, 24 Jul 2014 11:42:09 GMT

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