Wall Street opened higher on Tuesday, taking its cue from the FTSE 100 (^FTSE) and European stocks, despite weaker-than-expected US retail sales figures.
Retail sales across America barely grew in May — rising by 0.1% after a downwardly revised 0.2% fall in April. On an annual basis, retail sales were 2.3% higher than in May 2023, a slowdown on the 2.7% rise recorded in April.
It came as traders also shrugged off confirmation that eurozone inflation accelerated last month, climbing to 2.6% in…