Retail stocks slide on cautious outlook

Diversified, low-cost index funds remain the default recommendation for most long-term savers.

Why it matters

The next inflation print lands on Thursday and will shape the tone into the central bank meeting.

The bond market is pricing two rate cuts by year-end, down from four in January.

What happens next

Figures are in local currency unless stated.

• Shares rose 4% in early trading after the company raised full-year guidance on stronger-than-expected margins.
• "Valuations are stretched but not absurd," one strategist wrote in a note to clients.

Employers added 210,000 jobs, while wage growth slowed slightly.