Excerpt from: US Markets
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| January 14, 2009 | | Retail sales data, economic worries slam U.S. stocks | Spread bets and CFDs on the U.S. stock market should consider that it is taking a beating today. Earlier, retail sales data was released, making a dismal showing. As a result, economic worries are back in full swing and U.S. stocks are falling fast.
Retail sales were worse than expected (and bad things were expected), a large part of the problem coming due to a lackluster holiday shopping season.
Global recession continues to be a main driver. The U.S. dollar was actually helped by this news, however. With the current state of the world economy, the greenback is considered a safe haven.
| Topic Tags: CFDs, economy, recession, spread bets, spread bets stock market, spread betting U.S. stocks, stock market, U.S. dollar, U.S. stock market, U.S. stocks | |
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