Power Breakfast: US Retail Sales Post Biggest Jump In Nearly Two Years, Improves Markets Mood

There was a great recovery in the US market from lower levels. The Dow jumped 300 points from the bottom to close at the day's high. At the same time, the NASDAQ closed up 1% after jumping for the third consecutive day. Russell 2000 rose 1.1% on strong action in mid-cap, small-cap shares. The market mood improved due to strong retail sales figures. January's retail sales grew by 3% from the estimate of 1.8%. The 10-year bond yield crossed 3.8%. Today all eyes on January Producer Price Index data. Apart from this, UK markets reached new record highs.