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Eurozone: Retail sales grew by 0.6% in November - ING

Bert Colijn, senior economist at ING, note that Eurozone’s retail sales grew by 0.6% month-on-month in November, the same pace as in October.

Key Quotes

“On a quarterly basis, retail sales are set for a modest gain after stagnating in the third quarter.”

“Continued uncertainty will curb the upside potential of household consumption, but at times when most indicators paint a bleak picture of where eurozone growth is headed, retail sales show that consumption could be an important driver of continued growth.”

China: FX reserves surged to 3.0727trn at end December - TDS

Analysts at TD Securities note that China's FX reserves increased by $11bn to 3.0727trn at end December. Key Quotes “Almost all of the increase in C
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Gold Technical Analysis: Bulls likely to remain cautious below $1300 mark

   •  The precious metal stalled its post-NFP sharp retracement slide from 6-1/2 month tops and managed to find decent buying interest near 200-hour S
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