Global Associates: “Retail sales in the US climbed strongly last month, suggesting that economic growth was gaining strength in spite of job creation figures remaining stagnant”.
Global Associates: “While equities continue to slide with investors seeking reassurance in government bonds, the yen and gold, traders await the Fed’s reaction to dampening Chinese economic data”.
Global Associates: Oil prices continued their rise to above $51 per barrel, mainly due to turmoil in Nigeria, resurgence of the US market, positive signs of China’s growth and a decline in crude inventories.