Jun. Retail Sales Beat Expectations
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A jump in US retail sales boosted world markets Thursday even as investors mulled the US rates outlook, US President Donald Trump's tariffs and the future of Federal Reserve boss
US retail sales slide in May, pulled down by steep drop in auto sales. ... Car sales plunged 3.5%, while sales at home and garden centers dropped 2.7%.
Equities edged higher on Thursday, supported by strong economic data and upbeat corporate earnings. The Dow gained over 200 points as jobless claims fell to 221,000 and June retail sales rose 0.6%, beating expectations.
Financial markets seesawed as news outlets lit up with rumors warning that US President Donald Trump is getting ready to fire Federal Reserve Chair Jerome Powell, only to be quickly quashed by the chief executive himself.
Euro US Dollar, British Pound US Dollar, FTSE 100, Dow Jones Industrial Average. Read 's Market Analysis on Investing.com
STOCKHOLM] Volvo Car posted a US$1.03 billion operating loss in the second quarter, hit by a previously announced impairment charge over model delays and the escalating cost of tariffs. Read more at The Business Times.
Stock markets stalled last week, with the bellwether S&P 500 and the tech-tilted Nasdaq 100 down 0.4% and 0.5% respectively. Prices have idled in a narrow range since surging in thin trade after a seemingly solid US jobs report on July 3.