While you were sleeping Retail sales fail to inspire

Mon, 02 Dec 2013

Dec 2 (BusinessDesk) – Wall Street began the week flat as the start to the holiday sales season was mixed, leaving investors wary of placing too many fresh bets ahead of the November payrolls report on Friday. On a positive note, US manufacturing surprisingly picked up speed last month. The Institute for Supply Management’s index climbed to 57.3 in November, the highest since April 2011, and up from 56.4 in October. Separately, Markit’s final November US manufacturing PMI rose to 54.7 in November, from 51.8 the previous month. "The economy i...

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