UK services PMI rises in January

Note: This section contains information in English only.
Source: Forexfactory
The service sector of the UK started the year on the positive note with business and activity expanding at faster pace. Business Activity Index hit the 10-month high of 56.0 last month as compared to 54.0 in December's reading. The sentiment also improved as business expectations soared to more than 15-year high.

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Fri, 03 Feb 2012 12:28:44 GMT

Euro Zone's retail sales posted 0.4% decline in December

The retail sales in the Euro Zone faced 0.4% in December despite holiday shopping period, reported the Eurostat. Experts expected the sales to advance by 0.2% in December. Considering yearly changes, the retail sales dropped by 1.6% in December, confronting the expected 1.3% annual fall.

Fri, 03 Feb 2012 13:05:35 GMT

Wen Jiabao considers contributing to Euro bailout packages

Chinese PM Jiabao said the government is considering providing financing to EFSF and ESM in order to stabilize Euro monetary union after a meeting with Angel Merkel in capital Beijing. China is evaluating possible ways how to finance bailout funds through the IMF, said PM Jiabao. China is the largest holder of foreign exchange reserves. 

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