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Business and politics Business - Politics - Polls - Opinion Futures Slip Ahead of Data 15/01/2013 10:23 (By Etienne Jean de la PERLE)  Focus is once again shifting back to Washington, D.C. after a short lull in news from the nation's capital following the fiscal cliff resolution. Treasury Secretary Tim Geithner said in a note to Congress late Monday that the U.S. is likely to run out of borrowing authority between mid-February and early March. That doesn't give Congress very much time to negotiate a deal to raise America's debt ceiling and stave off several punishing effects, including a potential default. Federal Reserve Chairman Ben Bernanke called on Congress to act as soon as possible at an event hosted by the University of Michigan Monday. "It's very, very important that Congress takes the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills," he said, according to Reuters. Wall Street will get a round of economic data on the day. Retail sales are forecast to have ticked up 0.2% in December from the month before. December is a key part of holiday shopping season, so the data could have an outsize effect on retailers.  A report from the New York Federal Reserve is expected to show the contraction in Empire State manufacturing to have ended in early January. Then a separate report may indicate prices at the wholesale level fell 0.1% in December on a month-to-month basis. Oil futures were in the red. The benchmark contract fell 15 cents, or 0.15%, to $94.01 a barrel. Wholesale New York Harbor gasoline dipped 0.3% to $2.746 a gallon. In metals, gold rose $8.10, or 0.49%, to $1,678 a troy ounce. Voir aussi : - Savage X Fenty: Rihanna reinvents Valentine’s Day - Fashion: Harry Styles is an inspiration when it comes to clothing! Retrouvez aussi : - Toutes les actualités du jour - Toutes les actualités sur ce thème |
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