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Retail sales rise brightens recovery picture

Sales at retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.

FOREX-Euro slides on Greek woes; China news hits risk assets

The euro fell to a nearly nine-month low against the U.S. dollar on Friday as questions persisted about a rescue deal for debt-stricken Greece, while higher-yielding currencies weakened after China unexpectedly raised bank reserves. The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday's pledge by the European Union to help Greece fanned fears of a wider euro zone debt crisis.

Retail sales brighten recovery picture

U.S. consumer confidence slipped in February, but a stronger than expected rise in retail sales last month suggested households were feeling a bit more comfortable to spend and sustain the economic recovery.

Wall St tumbles as China tightens bank rules

U.S. stocks fell on Friday after a surprise move by China to restrict bank lending to cool its surging economy weighed on commodity prices and resource shares.

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U.S. retail industry sales seen up 2.5 percent for 2010

U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence, a trade group forecast on Tuesday.

U.K. stocks continue to fall on weak retail sales

The FTSE 100 index was essentially flat early in the London session, but proceeded to drop as much as 40 points, or 1.4 percent, after weaker than expected U.K. retail sales were announced at 9:30 am in London.

China to beat Japan to become world 2nd largest economy

China says its Gross domestic product (GDP) in 2009 expanded by 8.7% and the fourth quarter expanded 10.7% that form a powerful springboard for it to jump over Japan and become the world's second-largest economy.

Asian stocks pare gains after initial Intel boost

Most Asian stocks gave up early gains on Friday as weak U.S. retail sales and a rise in jobless claims made investors wary about the strength of its economic recovery, offsetting better-than-expected earnings from technology bellwether Intel.

Daily Forecast - 15/1/2010

The Australian Dollar opens higher today at 0.9310 and is consolidating upon its recent gains versus the greenback.

Stocks end higher ahead Intel earnings, despite bearish economic data

The S&P 500 index rose 0.24% on Thursday to close at 1,148.46 points while the Dow Jones Industrial Average was up 0.28%, to end at 10,710.55.

Retail sales fall unexpectedly, jobless claims up

U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.

Wall St little changed; techs gain ahead of Intel

U.S. stocks traded flat to slightly higher on Thursday as upcoming earnings from Intel Corp spurred interest in technology shares, though gains were limited by an unexpected drop in December retail sales.

Retail sales unexpectedly fall, jobless claims up

U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.

Wall Street higher on Intel hopes, despite retail data

Stocks edged higher on Thursday as optimism about forthcoming earnings from technology bellwether Intel Corp overcame doubts about the pace of economic recovery stirred by a drop in December U.S. retail sales.

Stock futures point to lower open after jobs, sales data

Stock index futures pointed to a lower open on Thursday after an unexpected drop in U.S. retail sales last month pointed to an uneven economic recovery.

Retail sales unexpectedly fall in December

Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.

Stock futures up as investors await Intel results

Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.

Stock futures slip as investors await Intel results

Gold edges higher in Asia as dollar dips

Gold prices advanced for the second successive day in Asian trade Thursday as the dollar remained under pressure. Gold for immediate delivery was seen trading at $1143.45 an ounce at 11.15 a.m Singapore time while U.S. gold futures for February delivery were up 0.6 percent at $1,143.30 per ounce at the same time.

RETAIL SALES

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