01:30 PM GMT, United States - Retail Sales Data for January:
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US Retail Sales: -0.9% MoM; forecast -0.2% MoM; previous 0.7% MoM;
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Core Retail Sales: -0.4% MoM; forecast 0.3% MoM; previous 0.7% MoM
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US Import Prices MoM: 0.3% (Forecast 0.4%, Previous 0.1%, Revised 0.2%)
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US Export Prices MoM: 1.3% (Forecast 0.3%, Previous 0.3%, Revised 0.5%)
The US retail sales report for January points to lower than expected US households spending, signalling that higher CPI and PPI report may be more temporary. On the other hand, weaker consumption with higher inflation (if constant) is negative factor, also for equity markets.
Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
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EURUSD loses ground ahead of NFP
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