Retail sales for September: 0.0% MoM (expected: 0.2% MoM ; previous: 0.3% MoM)
Core retail sales: 0.1% MoM (expected: -0.1% MoM ; previous: -0.3% MoM)
Sales excluding cars and fuels rise 0.3% MoM (previous: 0.6% MoM)
Mixed data, but it's clear that car sales are starting to take a turn for the worse, which could be a sure sign for a further slowdown.
Fed presents its semi-annual report. Stocks are expensive but no bubble?
Economic Calendar: SK Hynix and the Canadian job market are the highlights of the day 💡
Morning wrap🚩 Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)
FOMC Minutes: Hawkish tone confirmed. EURUSD rebounds nonetheless