Retail sales in the US soared by 1.1% in February

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Source: BBC
Retail sales increased to five-month high in February, reported US Commerce Department. The sales soared by 1.1% in February as compared to a 0.6% jump in the preceding month. Major contributor to the expansion were Retail sales increased to five-month high in February, reported US Commerce Department. The sales soared by 1.1% in February as compared to a 0.6% jump in the preceding month. Major contributor to the expansion were firm care sales that advanced by 1.6%, indicating signs of economic recovery in the country. Moreover, soft winter supported store sales adding to the gains of the indicator.
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Tue, 13 Mar 2012 17:11:33 GMT

UK goods trade gap widened to 7.5 billion British Pounds in January

UK's goods trade gap widened less than initially expected in January, reported the UK Office for National Statistics. The goods trade gap widened to 7.5 billion British Pounds on a seasonally adjusted basis in January as compared to a 7.2 billion British Pounds deficit in January. Analysts predicted the deficit to approach 7.8 billion British Pounds in January.

Tue, 13 Mar 2012 17:11:20 GMT

Energy markets showed vulnerability to China's data on Monday

Energy commodities fell on Monday amid signs of stagnation of China's and Italy's economies. Even high energy commodity imports did not managed to offset worries over record high trade deficit in China and capped any upswing of the group. Moreover, eased geopolitical tensions removed risk premium for Brent and crude oil thus pushing the prices down. Meanwhile, natural gas touched

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