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US retail sales rose more than expected in June as consumers bought major items like motor vehicles and dined out, but a resurgence in new COVID-19 cases is chipping at the budding recovery, keeping 32 million Americans on unemployment benefits.
British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.
British business paid tribute Friday to Queen Elizabeth II, with department stores shut, flags lowered, clocks stopped and meetings postponed, but souvenir sales
British retail sales jumped unexpectedly in April as shoppers loaded up on tobacco, likely a blip in an otherwise bleak trend that has driven consumer confidence to all-time lows amid a worsening cost-of-living crunch.
British retail sales unexpectedly fell in August after shoppers bought less online than the month before, when an annual promotion by Amazon appeared to have encouraged them to splash out, official figures showed.
Hong Kong retail sales extended their free-fall in November as months of anti-government protests scared off tourists, hitting spending and threatening the survival of small businesses.
British shops recorded only a marginal increase in December sales, driven by deep and widespread discounting, an industry survey showed on Saturday. Accountancy and business advisory firm BDO said its monthly High Street Sales Tracker (HSST)
British house prices rose in annual terms by more than 1% for the first time in 12 months in December, but uncertainty about Brexit is likely to weigh on the market again in 2020, mortgage lender Nationwide said.
The US housing market recovery was back on track amid low mortgage rates. The US homebuilding surged to a 13-year high in December as activity increased across the board and this could help support the longest economic expansion on record.
World stocks scaled record highs on Friday and oil prices stayed buoyant in a holiday-shortened week, as optimism grew that a US-China trade deal would soon be signed.
