Scoreboard: Slack sales

Wall Street ended higher despite disappointing retail sales data, while the Australian dollar found its way back above US93c.

In US economic news, retail sales were flat in July, short of the expected 0.2 per cent gain. Excluding autos, sales rose 0.1 per cent, again short of forecasts for a 0.4 per cent gain. The mortgage market index fell by 2.7 per cent in the latest week, dragged down by a 4 per cent fall in refinancing. Business inventories rose by 0.4 per cent as expected in June. 


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