Your Capital Markets Snapshot: Equity Markets Constrained Last Week

Mixed economic data kept the equity markets constrained last week moving into the final days of the second quarter. May retail sales figure came in below expectations with a gain of only 0.1%, while April’s retail sales figure was revised to a decline of 0.2%. Manufacturing data painted a more positive picture of the economy, Industrial Production for May beat expectations with a gain of 0.9%. Capacity Utilization also came in above expectations with a reading of 78.7, its highest level in six months.