European shares close down on US retail statistics

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Source: Marketwatch
European markets finished into negative territory on Wednesday as US government reported the nation's retail sales expanded less than predicted and Moody's cut credit ratings for six European countries including Spain and Italy. Stoxx Europe 600 index lost 0.2%, Athens General Index dropped 2.8% and CAC 40 index gave up 0.3%. German DAX 30 index slipped 0.2% and FTSE 100 index fell 0.1%. 
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Wed, 15 Feb 2012 09:59:35 GMT

German economy narrowed less than predicted in 4th quarter

Europe's largest economy contracted less than expected in fourth quarter, signalling Germany may avoid crisis despite declining demand across region. German GDP dropped 0.2% in last quarter of 2011 compared to 0.6% growth in the third quarter. Economists questioned by Bloomberg predicted a drop of 0.3%. Meanwhile France's economy unexpectedly in expanded 0.2% in last three months of 2011. 

Wed, 15 Feb 2012 09:23:36 GMT

Oil futures jump on Dollar depreciation

March crude oil futures rallied during Asian electronic trading session on Wednesday, lifted by weaker US Dollar and Chinese officials' announcement Europe is likely to contain its crisis. Crude to be delivered in March rallied 0.81% or USD 0.91 to USD 101.56 per barrel. Meanwhile March gasoline futures climbed 0.64% to USD 3.00 per gallon and same maturity natural gas

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