British retail sales rose in November for a second consecutive month as consumer spending picked up ahead of a hike in value added tax (VAT) next year.
Gold Prices slipped to a two-day low in London dealing on Wednesday, dropping 1.5% from yesterday's Dollar high at $1408 per ounce as Asian stock markets closed up to 2% lower and European stocks lost 0.7% on average.
The National Retail Federation (NRF) raised its holiday sales forecast to 3.3 percent, or $451.5 billion, from 2.3 percent, saying stock market gains and income growth combined with great deals on merchandise have given consumers the capacity to spend.
SuperGroup, the owner of Superdry brand, reported a 86 percent rise in pretax profit for the first half on strong sales growth at its retail and wholesale segments. But, the British fashion retailer warned rising raw material prices may affect gross margins in the next financial year.
Stocks retreated in the final hour of trading after the Federal Reserve left interest rates unchanged at near-zero, maintained its bond-buying program and warned about the slow pace of economic recovery in the U.S.
Gold and silver fell off day's highs after stronger-than-expected US data released Tuesday morning in New York strengthened the greenback, losses in which had helped the metals rose to 1-week highs earlier in the day, but both metals held on to the SMA support strongly.
US stocks advanced in early trade on Tuesday, following better-than-expected reports on retail sales and producer prices.
The FT reported that market-making brokerage and bank J.P.Morgan has materially reduced its bets on lower silver prices, citing a person familiar with the matter.
U.S. retail sales continued to rise in November for the fifth month, boosted by holiday shopping as well as fuel prices, the U.S. Commerce Department said.
Futures on major U.S. stock indices point to modestly higher opening on Tuesday, following better-than-expected reports on retail sales and producer prices.
Futures on major U.S. stock indices point to a modestly higher opening on Tuesday ahead of a wave of economic data including the US Federal Open Market Committee statement (FOMC).
The EUR/USD distanced itself from a falling channel ahead of the Fed policy and rose to a three-week high on Tuesday. The single currency, however, pared some of its gains after data at 10:00 am GMT showed the region's industrial output rose at a lower-than-expected pace in October.
Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)
U.S. stocks advanced in early trade on Monday, following the gains in global equities, after Chinese policymakers refrained from raising interest rates over the weekend.
GBP/USD that rose above the key 1.5838 level to a 2-week high of 1.5860 on Friday slipped on Monday despite a stronger-than-expected data and is now targeting 1.5649 as immediate support (S1).
There are many things weakening the single currency. Concerns over a lack of consensus on euro-area bonds, dollar-positive data from the US, fears about China being forced to cool down its economy and now, an ascending channel clearly shaping up on the 60-minute EUR/USD chart.
At the Video Games Awards, release of 'Mass Effect 3' was announced, and winners declared. While just hours ahead of the 2010 ceremony, Microsoft delayed the news on much-awaited 'Gears of War 3'.
Precious metals fell across the board in the week to December 10 as a cooling China weighed on demand hopes but the yellow metal remained better alternative in the group amid lingering worries over the euro-zone debt and dollar's ability to play safe-haven.
She is the queen of retail fashion with sales expected to go up to $ 1billion
Weaker-than-expected US jobs data helped the EUR/USD break above its 100-day SMA and pair is now heading toward key long-term resiatnce of 1.3446 (R1 on daily chart).
Futures on major U.S. stock indices point to lower on Friday after a government report showed that the unemployment rate unexpectedly increased in November.
Futures on major U.S. stock indices remained range-bound on Friday as investors await for key U.S. monthly non-farm payrolls and unemployment data from the government.
