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Market Update : 
Retail Sales, Jobless Claims Lift Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 4:19 PM EDT May 08 2008

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U.S. stocks opened higher after the release of jobless data and same store retail sales. Discount retailers led gains in sales in April as families look for ways to save money. Costco, for the twelve months in a row reported same store sales rise above 5%. In April sales rose 6%, excluding gasoline sales. Wal-Mart sales rose 3.2%. The ECB and the Bank of England left rates unchanged at 4% and 5% respectively.

 
In Tokyo Nikkei 225 Index closed lower 159.22 or 1.13% to 13,943.26, in Hong Kong Hang Seng index decreased 160.42 or 0.63% closed to 25,449.79. In Australia ASX 200 index higher 54.80 or 0.97% to close 5,723.20. In Malaysia KL Composite index decreased 6.80 or 0.53% closed to 1,280.35.

In South Korea Kospi Index decreased 6.01 or 0.32% to close at 1,848.00, in Thailand SET index closed higher 1.46 or 0.17% to 850.17 and Indonesia JSE Index edged decreased 5.77 or 0.24% to 2,376.93. Sensex index in India decreased 258.66 or 1.49% to 17,080.65.
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