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UK Retail Sales Beat Forecasts in January...
UK retail trade rose 1% in January, reversing a 0.7% drop in December and easily beating market expectations of a 0.2% gain. Food stores was the largest contributor towards the increase, followed by non-store retailing and non-food stores. Compared with a year ago, retail sales advanced 4.2%, the biggest annual rise since December 2016.
Gareth Lewis DipPFS (DM)
European Shares Open Higher on Thursday...
European stocks opened in the green on Thursday, as investors await for any progress in trade talks between China and the US and ahead Brexit’s latest set of votes. Also, stronger-than-expected trade data in China, as exports unexpectedly increased 9.1 percent year-on-year in January while imports declined 1.5 percent weighted on sentiment. The DAX 30 rose 0.7%; the FTSE 100 increased 0.3%; the IBEX 35 went up 0.5%; the FTSE MIB advanced 0.4% and the CAC 40 gained 0.8% around 08:20 AM London time.
Gareth Lewis DipPFS (DM)