Market Movers 29/07/2011 - German Retail Sales expected up
In the euro zone we have German retail sales looking to be released to the up side, this is going along to show that despite all the problems within the euro zone over the last few weeks the German economy still remain the strongest in Europe. Following on from this is European CPI where an unchanged figure of 2.7% is expected. After two rate hikes within recent months the market will be looking for a positive figure to ease any concerns regarding any future movement on rates.
