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Goldman Sachs Chain Store Sales Down

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Sep 27, 2011, 11:40:48 AM9/27/11
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Goldman Sachs Chain Store Sales Down

The International Council of Shopping Centers and Goldman Sachs Retail
Chain Store Sales Index edged down 0.2% in the week ended Saturday
from the week before on a seasonally adjusted, comparable-store basis,
falling for the second straight week.

"September sales have been volatile from week-to-week, but the trend
has softened on balance as some renewed and intensified worry about
the economy returned," said ICSC Chief Economist Michael Niemira.

ICSC still expects September industry sales will increase 3% to 4%,
excluding the impact of fuel, and 4% to 5% with fuel sales included

Polish Bonds Continue Firming

Polish bonds continue the climb that began with the Polish
government's intervention last week, benefiting from higher appetite
for risk and a stronger euro, a trader says. Yields especially for
longer maturities are quite low and some profit taking is likely soon.
The average yield on 2-year bonds is at 4.43%, unchanged from late
Monday, the 5-year is at 5.15% from 5.25%, and the 10-year at 5.85%
from 5.95%


Source: http://marketpin.blogspot.com/2011/09/goldman-sachs-chain-store-sales-down.html
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