German DAX faces choppy session on Tuesday

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Source: Dukascopy
After plunging 3.4%, German DAX index traded almost flat on Tuesday as investor sentiment improved after successful Netherland bond auction, sending Dutch, Spanish and French yields lower. Deutsche Lufthansa  rallied 2.7% after Credit Suisse Group lifted airline's rating from neutral to outperform. Automakers rebounded from declined and climbed with BMW AG gaining 0.5% and Volkswagen AG surging 1.4%. At the moment of writing DAX is 0.07%  or 5.07 points up at 5,528.07.

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Tue, 24 Apr 2012 14:30:27 GMT

Canadian Retail Sales drop

According to Statistics Canada, retail sales declined by 0.2% in February, after a 0.2% advancement the period earlier, thus negating prior gains. At the same time core retail sales, which do not take into account car sales, grew by 0.5%, slightly below the estimate of 0.6%. 

Tue, 24 Apr 2012 12:56:28 GMT

Switzerland's trade surplus dropped in March

Swiss trade excess unexpectedly declined in March, Federal Customs Administration reported on Tuesday. The trade spare declined to 1.69 billion Swiss Francs in previous month compared to a reviewed 2.61 billion Swiss Francs in February. Economists predicted an improvement to 3.0 billion Swiss Francs. Exports dropped 3.3% on annual basis to 17.5 billion Swiss Francs while imports shed annual 6% to 15.8 billion Swiss Francs.

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