US Apr Reuters/Michigan Consumer Sentiment Index down to 72.3 vs 78.6 (Mar)

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.

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.