Eurozone retail sales for August 2023:
- 2,1% y/y vs -1% exp. and -1% previously
- -1,2% m/m vs -0,5% exp. and -0,2% previously
PPI reading y/y: 11,5% vs 11,6% exp. and -7,6% previously
PPI reading m/m: 0,6% vs 0,6% exp. and -0,5% previously
Looking at EURUSD we can see that EUR contintue to strenghten today however much weaker retail sales in eurozone suggests 'recessionary' dynamic in consumer sentiments. PPI data came in line with expectations.
Source: xStation5
Daily Summary: Trump and OpenAI keep the market on a roller coaster💡
Market Wrap: A 4% surge in oil prices weighs on indices (08.10.2026)
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Large decline in crude inventories 🛢️📉