SCOREBOARD: Shop lift

Wall Street saw a small rise following strong retail figures, while European stocks were mixed on soft data.

US consumer spending is simply pumping at the moment. In February it surged 1.1 per cent, which was more than double the expectation, after a 0.2 per cent lift in December. A great result – but it didn’t really add much to stocks. Fair enough, I guess, as with markets at or pushing new records you need something other than what we already know.

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