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U.S. Day Ahead: Chain store sales could kill market's buzz

Thursday, April 11, 2013 - 01:46

Apr 10 - The S&P 500 may have hit a new record, but here's one thing that could burst its bubble; same-store sales from major retailers. They don't look pretty.

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Yeah 500 may and you record here's one thing burst it's bubble. The latest sales figures from major retailers and they don't look pretty. Elders that's a girl I need to Britain and in March significantly down from a robust 7% a year ago to blame tax hikes the cold weather and early Easter. -- -- if they'll come below one point 8% that would make it the worst reading since September 2009 when the US what's in the grips of a recession. You're big fat to focus on its first time jobless claims are expert that I have our say the part of faulty 365000. After last week's surprise job. Caused by the Easter vacation. -- anything about 385000. Not -- mean we're seeing some unexpected weakness. And jobs and the -- -- I expect markets to scrutinize every word from Philadelphia fed president Charles Plosser when he speaks about policy. Second and big -- to come out publicly in support of winding down five billion dollars a month bond buying program. All that money has helped push markets to new heights -- up over 13% so far this year. She will be whether he changes his opinion given the terrible job numbers in March. Also watch out for any reaction to the bad -- -- the accidentally came out five hours ahead of schedule. And follow us on Twitter greater than tighter and more of our video that Reuters dot com slash writers TE -- something you don't hear or read eight stocks have been rising with the dollar a big change from a few months ago. Investing -- -- Fred Katayama looks at which sectors are benefiting from a more powerful green back. Up over 3%. Since the start of the year. I think this is operators.

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U.S. Day Ahead: Chain store sales could kill market's buzz

Thursday, April 11, 2013 - 01:46