Westfield upbeat on U.S., Australia retail sales

SYDNEY (MarketWatch) — U.S. retail sales have improved “enormously” and a benign trading environment in Australia is showing signs of life, executives from global shopping mall giant Westfield Group (WDC.AU) said Wednesday. High unemployment continues to buffet U.S. consumer confidence and in Australia consumers are jittery about higher interest rates designed to cool the country’s
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