Market News

Irish retail sales fell 0.2% in June
Fri, 30 Jul 2010 18:01:13 GMT
The volume of Irish retail sales (i.e. excluding price effects) increased by 1.0% in June 2010 when compared with June 2009 and there was a monthly decrease of 0.2%. If Motor Trades are excluded the volume of retail sales decreased by 1.3% in June 2010 when compared with June 2009 and the monthly change was -0.5%.
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US GDP increased at an annual rate of 2.4% in the second quarter of 2010
Fri, 30 Jul 2010 17:39:11 GMT
US real GDP (gross domestic product) -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.4% in the second quarter of 2010, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 3.7%.
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Irish Economy: Central Bank says economy undergoing modest recovery this year; Forecasts growth of GDP and GNP in range of 2.2 to 2.8 % in 2011
Fri, 30 Jul 2010 11:09:58 GMT
Irish Economy: The Central Bank said today that the Irish economy is undergoing a modest recovery this year following an exceptionally deep and protracted decline in the previous two years. It forecast today an increase in GDP (gross domestic product) of about 0.8 % this year and a decline of about 1.0 % in GNP followed by growth in the range of 2.2 to 2.8 % in both measures in 2011.
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Eurozone annual inflation expected to be 1.7% in July; Unemployment rate stable at 10.0% in June; Austria at 3.9%, the Netherlands at 4.4% and Ireland at 13.3%
Fri, 30 Jul 2010 10:24:26 GMT
Eurozone (EA16) annual inflation is expected to be 1.7% in July 2010 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 1.4% in June. Meanwhile,  the Eurozone  unemployment rate was stable at 10.0% in June 2010. Austria was at 3.9%, the Netherlands at 4.4% and Ireland was at 13.3%.
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Markets News Friday: IMF says US banks may need up to $76.3bn in additional capital; Additional stimulus measures may be needed to boost the economy
Fri, 30 Jul 2010 09:28:18 GMT
Markets news on stocks, currencies and commodities; The IMF (International Monetary Fund) says the U.S. financial system is "slowly recovering," but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities. The fund said additional capital of $76.3bn may be required. A separate report says additional stimulus measures may be needed to boost the economy.
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German retail sales fell in June while the rise in earnings also slowed
Fri, 30 Jul 2010 08:26:47 GMT
German retail sales in June were in nominal terms down 1.1% and in real terms fell 0.9% on May 2010 while the rise in earnings subject to collective bargaining slowed.
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