Stocks, euro fall on tepid U.S. retail sales

World stocks retreated on Tuesday, a day after a U.S. equities benchmark notched an almost seven-month high, and the euro slipped after U.S. retail sales rose less than expected in January.

The S&P 500 index has risen more than 25 percent from its
recent low in early October. The retails sales data on Tuesday
curbed the appetite for risky assets and added to concerns
stemming from Moody's credit downgrade late Monday on six euro
zone countries and its credit warning on France, Britain and
Austria.

Retail sales increased 0.4 percent, the Commerce Department
said, less than the 0.7 percent rise expected by economists
polled by Reuters. However, core retail sales, which exclude
autos, gasoline and building materials, climbed 0.7 percent in
January.

Read Full Article from Reuters

- Posted: 2012-02-14 11:56:09

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