By James Picerno: U.S. retail sales slipped 0.2% in May. That's the biggest monthly fall in two years, although quite a bit of the drop last month was due to a sharp decline in gasoline sales. Nonetheless, the revised data tell us that retail sales have fallen for two months in a row-the first back-to-back monthly declines since 2010. Looking at retail sales on a year-over-year basis is more encouraging, but the trend is still slipping on this front too.
Britain's biggest retailer, Tesco, is expected to slip back to an underlying sales decline. ||| London - Britain's biggest retailer, Tesco, is expected to slip back to an underlying sales decline when it publishes first-quarter trad... Read Post
Gold declined in New York, extending the worst monthly performance since June, on speculation a strengthening US economy will warrant less stimulus. ||| Singapore - Gold declined in New York, extending the worst monthly performance ... Read Post