Mexico's peso slipped by the most in four weeks and stocks fell after data showed that inventories at U.S. wholesalers fell for the 10th straight month in June, curbing hopes for a recovery in Mexican exports.
Macy's Inc reported worse-than-expected same-store sales in July, but forecast second-quarter earnings roughly three times greater than analysts were expecting, and shares jumped as much as 12 percent.
Off-price retailer Ross Stores Inc posted a bigger-than-expected 4 percent rise in July same-store sales and forecast second-quarter earnings ahead of estimates, as cash-strapped consumers turn to value retailers to seek out bargains amid the recession.
Mexico's peso pared gains to trade nearly flat after key U.S. economic data showed consumer spending in the United States shrank in the second quarter, pointing to a sluggish recovery for Mexico's exports.
EU regulators said they would fine-tune antitrust rules on distribution deals between manufacturers and retailers due to the stronger power of big players and the increasing popularity of Internet sales.