Stocks higher despite a fall in UK retail sales

Stocks higher despite a fall in UK retail sales

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UK stocks are higher this morning despite a surprising fall in UK retail sales last month. Data today showed that retail sales fell 0.9% month-on-month in August, with a 0.5% rise expected. This is the longest negative streak in at least 25 years, being the fourth month in a row of declines.

Much for investors to think about including important policy meetings from the US Fed and the Bank of England next week, the course of inflation and what impact that will have on US Fed taper timing, the regulatory crackdown in China and a potential slowdown in global economic recovery.

 

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