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Metro Clouds European Retail Horizon – US-FOREX.US
Germany’s Metro dashed hopes for a speedy recovery among European retailers, on Monday. The country’s largest retailer said it saw signs of further decline in its business in the second half of the year, despite having posted better-than-expected earnings for the second quarter.Shares of Metro fell 1%, or 40 euro cents , to 40.23 euros… »
Earnings Consumer Woes Weigh On Wall Street – US-FOREX.US
The first monthly increase in a key measure of home prices since 2006 could not shore up a rocky Street Tuesday, and the major averages made fresh lows heading into the afternoon.A disappointing reading on consumer confidence and second-quarter losses from commodity-related names like U.S. Steel and Valero Energy weighed on equity prices, sapping any… »