Morning Rage 5.8.2012

The Goldman Store sales reported a big slip of -0.8% leaving the year on year rate down to 3.3%, the slip is due to people spending mostly on staples such as groceries.
In commodities both Oil and Natural gas are in the red this morning as are silver and gold; in the short term the decline in the euro from European turmoil has forced the decline in gold.
The turmoil also encouraged a drop in the Euro of .2% to 1.3027 near the bottom of the range its been in for the past year.
The Nikkei gained little from its three month low yesterday up 62.51 points to 9181.65 while the Chinese Hang Seng declined .25%