Author: 123jump.com Staff
123jump.com
Last Update: 4:18 PM EDT June 13 2007
Three popular averages in New York trading surged and closed at the
best levels of the day. U.S. retail sales in May rose 1.4% sparking a rally in stocks. Bond yields traded lower on the data and a read on the economy suggested healthly gains in manufacturing and labor market with little inflation. May retail sales in China rose 15.9% lifting stocks in Shanghai. Brazil GDP advanced 4.3% in Q1 supporting a rise in steel and retail stocks. European markets closed higher led by mining stocks.
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