Retail Disaster and Inflation

August 31, 2023

Here is a look at the latest retail disaster du jour as well as inflation.

Global Markets

August 31 (King World News) – Art Cashin, Head of Floor Operations at UBS: Overnight, global equity markets are somewhat varied, apparently reacting to different pieces of economic data.

In Asia, Japan closed up the equivalent of 200 points in the Dow, possibly responding to stronger than expected retail sales. Hong Kong was closed up about 130 points in the Dow, while Mainland China was down an equivalent 130 Dow points. India was off about 100 Dow points.