U.S retail sales for the month of September beat predictions rising 1.1 percent compared to estimates of 0.7 percent. September’s result was also a strong improvement over the previous months 0.3 percent increase in retail sales.
Stock-index futures added to earlier gains after the report. The contract on the Standard & Poor’s 500 Index maturing in December climbed 1.2 percent to 1,211.8 at 8:44 a.m. in New York. Treasury securities fell, sending the yield on the benchmark 10- year note up to 2.26 percent from 2.18 percent late yesterday.
Survey Results
Source: Bloomberg
