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Apr 12, 2013
American equity markets fall on US retail sales
The US stock market experienced a negative opening Friday after a tranche of economic data in the US. Retail Sales (MoM) contracted -0.4% in March, compared with estimated of zero change. Meanwhile, the Producer Price Index (MoM) yielded a figure of 0.2% in March, against expectations of 0.2%. Retail Sales ex autos (MoM) also fell -0.4% in March, missing a projected 0.0% change.
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Apr 12, 2013
Ireland and Portugal get 7 year loan repayment extension
Following the release of the statement on the Cypriot bailout, Eurozone finance ministers, who hold talks today in Dublin, announced that the loan repayment for Ireland and Portugal would be extended.
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