Wednesday, January 25, 2012

Markets Are Heading South After Bad Data In The UK And Italy

An early rally in Europe has reversed, lead by Spain down 0.8%.

At 4 EST Italy reported a 0.3% decline in November retail sales versus expectations for a 0.1% decline.

At the same time Germany reported a greater than expected rise in business confidence for January.

At 4:30 EST the UK reported a 0.2% decline in last quarter's GDP, versus a 0.1% expected decline.

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