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The New Daily
The New Daily
Tony Sycamore

Strong retail sales and high inflation dominate markets this week

Retail sales were stronger this week. Photo: TND

US sharemarkets closed out their worst first-half performance in decades this week. The S&P500 finished about 15 per cent lower in the second quarter, with a total decline of roughly 20 per cent over the first six months of the year.

Despite the carnage on Wall Street, the ASX200 outperformed its US peer, signing off on the second quarter of 2022 and the year’s first half with a decline of roughly 10 per cent.

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