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
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