Euro zone retail sales rebound in january before virus shock

Consumers in the euro zone began the year in spending mode, estimates for January from the EU statistics office showed on Wednesday, before the coronavirus outbreak likely dampened retail sales. Eurostat said retail sales in the 19-nation currency bloc rose 0.6% in January from December for a 1.7% gain year-on-year. The month-on-month reading was in line with market expectations. Read more at Reuters.