Tuesday 12th January 2010
The British Retail Consortium confirmed that retail sales rose by 4.2% in December, above the expected 2.5%. Whilst this was positive, the negative news coming out of RICS was that the proportion of surveyors reporting higher prices eased for the first time in 11 months. This has left Sterling trading at 2010 lows against the Euro, and lighter against the USD.
- Standard and Poors affirmed their A+ long term rating on China
- Alcoa released results after the closing bell, and disappointed markets coming in below expectations. They traded 5% lower, which may impact on Dollar
Major Economic News
Trade Balance Data
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