NEW YORK – European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.
Sentiment was also weighed down by data showing weakness in China’s economic recovery, with key indicators missing expectations owing to anemic domestic demand.
Meanwhile, US retail sales rebounded less than expected last month, and a major US retailer, Home Depot, saw its first-quarter revenue drop as consumer…
