Retail Sales Falling in the US – a Softer Tone
Retail sales in the US fell short of expectations this month, according to data compiled by the Commerce Department. Retail spending decreased 0.6% from April to March, undermining forecasts of [...]
Despite the low volume, we saw a positive rally across Asian equities with all markets closing around 0.5% or higher. The PBOC set the yuan rate at 6.486, the lowest since mid-2011, but marginally weaker than yesterday. In Europe, markets … Continue reading