Scoreboard: Retail runaround

Wall Street was mixed overnight as positive retail data added to the growing expectation the Federal Reserve will soon taper its stimulus program.

Most of the data out last night was rock solid – for the US at least – and complements the string of results showing a stronger US. Retail sales data was the main release last night and it showed spending surged again in November, rising 0.7 per cent, after a 0.6 per cent increase in the prior month. That’s a 7.8 per cent annualised lift just on those two months – very strong.

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