The 0.5 percent increase in purchases followed a 1.3 percent jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists surveyed by Bloomberg projected a 0.3 percent advance. Excluding purchases of autos and gasoline, sales climbed 0.3 percent.
Two key central bank decisions sit at the top of investors’ radar this week, after renewed global growth concerns saw U.S. stocks sell off on Friday while benchmark yields fell to record lows.
U.S. stock futures sagged Tuesday, indicating Wall Street could face a fourth straight loss, as investors remained on edge over a Federal Reserve policy meeting and the upcoming U.K. vote on membership of the European Union.
Next Trading Day’s Important Events
- USDJPY: 105.87
- EURUSD: 1.1235
- S&P 500: 2,079.06
- NASDAQ : 4,848.44