World Week Ahead: Eyes on US retail sales, retailers

Sun, 08 May 2016

By Margreet Dietz May 9 (BusinessDesk) - A report on US retail sales will offer a key focus for investors after last week’s weaker-than-expected jobs data practically removed any remaining bets that the Federal Reserve will raise interest rates at its June policy meeting. On Friday, a Labor Department report showed that US employers added a lower-than-expected 160,000 to their payrolls last month, following a revised 208,000 gain in March. April’s was the smallest increase in seven months. "This report did very little to make the cas...

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