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Germany: Annual Retail Sales drop 2.2% in February

FXstreet.com (Barcelona) - Statistisches Bundesamt Deutschland informed on Thursday that year-over-year German Retail Sales dropped 2.2% in February, compared with the 2.5% increase in January and well below forecasts of +0.4%.

On a monthly basis German Retail Sales rose 0.4% in February, after growing 3% in January and against expectations of falling 1%.

Forex: EUR/USD keeps 1.2800 after German sales

The shared currency climbed to sub 1.2820 levels in the wake of the German retail sales, showing an annual contraction of 2.2% and 0.4% advance on a monthly basis, against forecasts of 0.4% and -1.0%, respectively...
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Asian markets down ahead of Cypriot banks re-opening and capital controls

Except for Malaysia, Pakistan and the Philippines, the largest bourses in Asia took a hit on Thursday. Mainland China’s Shanghai Composite (-2.85%), Hong Kong’s Hang Seng (-1.05%), Japan’s Nikkei Stock Average (-1.26%) and South Korea’s Kospi (-0.22%) fell ahead of the scheduled the re-opening of Cypriot banks (and the imposition of capital controls) and low chances of a government being formed in Italy today.
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