U.S. Retail Sales Rose 0.1% In December
U.S. retail sales rose 0.1% in December vs. 0.3% consensus. November reading was at 0.4% (revised from 0.2%). In 2011 retail sales were up 6.5%.
Archive for January 12th, 2012
U.S. Petroleum Weekly – January 11, 2012
The price of crude oil is shaped on one side with fears of global economic slowdown and on the other side western countries efforts to discourage Iranian crude oil buying. In my view, geopolitical risks are keeping the price high.
China December CPI Inflation At 4.1%; PPI Inflation At 1.7%
China Consumer Price Index was up 4.1% in December, vs. 4.0% consensus and 4.2% November reading. Food inflation rose from 8.8% to 9.1%..
China Producer Price Index fell to 1.7% from 4.2% in November. Consensus was at 2.1%.