While you were sleeping Economic worry prevails

Wed, 14 Nov 2012

By Margreet Dietz Nov 15 (BusinessDesk) - Stocks on both sides of the pond fell amid a flurry of disappointing economic data including US retail sales and industrial production in the euro zone, underpinning concern about the outlook for corporate profits. Commerce Department data showed that said US retail sales slid more than expected in October, dropping 0.3 percent following a 1.3 percent gain that was bigger than previously reported in September. Then there is the uncertainty of the fiscal cliff overhanging the US economy. President Ba...

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