Posts Tagged ‘economic data’
Inflation, Retail Sales Damp Risk Appetite
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Wednesday, 16 February 2011 09:38
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European stocks will open slightly higher but with no lasting direction due to conflicting economic data. Asia was supportive while UK inflation and January US retail sales disappointed investors. U.K. futures are currently slightly higher ahead of the opening as Asian bourses closed higher after Nomura raised its growth forecast

 
Sterling Rises Ahead Of The Quarterly Inflation Report
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Wednesday, 16 February 2011 09:35
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The euro rose today after the troubled German bank, WestLB, reached a restructuring plan which relieved the markets. Economic data on Tuesday revealed a mixed view after euro zone and Germany’s Gross Domestic Product did not meet expectations while ZEW survey revealed a positive note. Euro zone policymakers decided to

 
Lingering Concerns Over Issues In EU Put Pressure EUR
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Monday, 14 February 2011 11:07
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Positive risk sentiment dominated this morning’s Asian session as Chinese economic data confirmed what the financial world had been waiting for China is now the second largest economy in the world (in nominal USD-based terms). In addition, the residual effect of Egypt’s Mubarak stepping down of Friday during a