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New data shows retail1 sales in Britain rallied sharply in January. It comes as weather conditions eased after what was seen as a snow-induced slump2 in December. Sales jumped just under 2 per cent in January from the previous month. Experts say the trend was also affected3 by a government sales tax hike which took effect this year.
G20 ministers have gathered in Paris for a two-day meeting. They'll be seeking to agree on the indicators4 to measure the economic gaps and imbalances in the financial market. The G20 last met in Seoul last November, but walked away without any meaningful agreement. Now host country France hopes its year at the G20 helm will lead to an overhaul5 of world finance. French President Nicolas Sarkozy has vowed6 to reform the world monetary7 system and commodities markets.
And taking a look at the markets now, the Dow is up 0.3 percent. The S&P 500 and the Nasdaq were largely flat. Europe's main stock markets are mixed. Elsewhere in our region, Japan's Nikkei closed Friday six points stronger. And local stocks have finished flat with investors8 taking profits on a solid week's trading. The Australian dollar is buying just over parity9 with the greenback and about 62 British pence.
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1 retail | |
v./n.零售;adv.以零售价格 | |
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2 slump | |
n.暴跌,意气消沉,(土地)下沉;vi.猛然掉落,坍塌,大幅度下跌 | |
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3 affected | |
adj.不自然的,假装的 | |
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4 indicators | |
(仪器上显示温度、压力、耗油量等的)指针( indicator的名词复数 ); 指示物; (车辆上的)转弯指示灯; 指示信号 | |
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5 overhaul | |
v./n.大修,仔细检查 | |
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6 vowed | |
起誓,发誓(vow的过去式与过去分词形式) | |
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7 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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8 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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9 parity | |
n.平价,等价,比价,对等 | |
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