The regional benchmark is up more than 2% so far this week, putting it on course for its best performance since May 10.have also posted solid gains, with a big boost coming Thursday when weekly jobless claims fell and U.S. retail sales data wasripple effects from Japanese monetary policyremain shy of the levels they started the month at, but steady gains through the week have recuperated losses from the recent rout.On the data front on Friday, U.K. retail sales showed a rebound from a 0.
Alex Kerr, U.K. economist at Capital Economics, said in a note Friday that the retail uptick was not broad-based, with sectors such as food, clothing and household goods struggling. "We continue to think that rising real incomes, as inflation falls, should mean consumer spending growth accelerates over the rest of this year," Kerr said.The British pound was up 0.24% against the U.S. dollar at $1.288 on Friday morning, its highest rate for two weeks. Sterling was also slightly higher against the euro.Jersey Shore
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Source: CNBC - 🏆 12. / 72 Read more »