While you were sleeping: Another drop in US retail sales

Wed, 13 Jun 2012

By Margreet Dietz June 14 (BusinessDesk) - Signs of tepid growth in the US economy and ongoing concern about Europe’s debt crisis weighed on equities on both sides of the Atlantic, and underpinned demand for Treasuries. The latest data on the American economy support the case for the Federal Reserve to lend a helping hand to revive the pace of growth. Retail sales declined for a second straight month in May, while wholesale prices posted their largest drop in three years. In late afternoon trading in New York, the Dow Jones Industrial Avera...

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