Retail sales in Germany fell in January

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Source: Bloomberg
Retail sales in Germany unexpectedly dropped in January as surging crude prices boosted inflation. Inflation adjusted retail sales lost 1.6% compared to December, said Federal Statistics Office on Friday. Economists predicted an improvement of 0.5%. Rising energy costs bolstered German January inflation to 2.5%. Nevertheless the country faces 20-year record low unemployment level and consumer confidence keeps climbing. 
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Fri, 02 Mar 2012 10:21:43 GMT

US shares lifted by positive economic data

US stock markets traded higher on Thursday as investors anticipated overall positive economic statistics and took into account Fed's chairman testimony. S&P 500 index gained 0.62% or 8.41 points and closed at 1,374.09, Dow Jones Industrial Average index climbed 0.22% or 28.23 points to 12,980.30 while Nasdaq Composite added 0.74% or 22.08 points and finished at 2,988.97.

Fri, 02 Mar 2012 08:54:22 GMT

Loonie climbs to strongest level in five months

Canadian currency advanced to highest value against is US peer since September on speculation improving economic outlook will spur demand for commodities. Canadian Dollar added 0.5% to CAD 98.55, posting gains for a fourth consecutive session. Currently USD/CAD is trading at CAD 98.69.

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