While You Were Sleeping: US retail sales grow, IMF walks from Greek talks

Thu, 11 Jun 2015

June 12 (BusinessDesk) - US retail sales gained last month, helping lift stocks on Wall Street and the greenback, even though gains were tempered by a stumble in talks to break Greece’s debt impasse. Retail sales rose 1.2 percent in May while April’s number of revised up to 0.2 percent, and March’s up to 1.5 percent, US Commerce Department figures showed. The figures add to a picture of firming economic activity in the US that has kept expectations for the start of Federal Reserve rate hikes in September. The US dollar index rose to 94.98...

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