SCOREBOARD: Slow and steady

Small moves on Wall Street followed another round of positive data, as the US economy continued to advance.

Moves were small and mixed across Wall Street overnight – well, that’s with an hour left to trade – with little in the way of market-moving data. That said, the data that the US did see was positive, as it has been for some time, and it continues to paint a picture of a robust economy that is accelerating. So US retail sales rose by 0.1 per cent in January, which was as expected, and is a great result following a strong 0.5 per cent gain the month prior.

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