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Market Update : 
Retail Sales Power U.S. Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 4:57 PM EDT July 12 2007


U.S. averages soared on June retail sales, takeover offer for Alcan, and revised estimate for GDP growth rate. Better than expected June retail same store sales lifted investor mood. U.S. reported May trade deficit increase of 2.3%. However, rise in exports left several economists to lift GDP growth estimates for . Brazil surges 2.2%. Central banks in Korea lift rates, Philippines lowers, and Japan left them unchaged.

 

 

 

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