BREAKING: US retail sales weaker than expected. US100 with mixed reaction

US retail sales came in weaker than expected with 0.1% MoM vs 0.3% MoM exp. and 0% previously

• US Core Retail Sales MoM came in -0.1% vs 0.2% exp. and 0.2% previously

Today we saw a miss in US retail sales both headline and core, signalling that US economy is cooling. Wall Street printed some dovish reactions (USD and 10-yr yields lower) but US100 loses 5 minutes after the weaker economy data. Also, according to Redfin, US home prices are rising at the slowest pace in nearly a year and a half.

Source: XTB Research, US Census Bureau, Bloomberg Finance L.P.

Source: XTB Research, US Census Bureau, Bloomberg Finance L.P. 

Source: xStation5