This week USA investors will be focusing again on the dollar, and the energy markets. Retail industry reports will assess consumer spending.
According to the median estimate of economists surveyed, the report is likely to show flat sales for the month compared with June, when retail sales rose by nearly 1%.
On Wednesday, the Commerce Department reports on retail sales in July, data coming immediately after the less-than-impressive sales figures released by individual retailers last week.
Consumers would truly benefit from lower food and fuel costs, but they also still face falling home prices, huge debt loads and an failing job market. If it appears that they are struggling severely, the recent decline in energy prices might not be enough to maintain a stock market rally.
Yes, credit squeeze baits every American...
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According to the median estimate of economists surveyed, the report is likely to show flat sales for the month compared with June, when retail sales rose by nearly 1%.
On Wednesday, the Commerce Department reports on retail sales in July, data coming immediately after the less-than-impressive sales figures released by individual retailers last week.
Consumers would truly benefit from lower food and fuel costs, but they also still face falling home prices, huge debt loads and an failing job market. If it appears that they are struggling severely, the recent decline in energy prices might not be enough to maintain a stock market rally.
Yes, credit squeeze baits every American...
Discuss
Tell a friend
Bury
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