In June, retail sales were down for the third month in a row. The abating pressures on prices played a role, but a limited one. Weakness is across the board. The resilience of private consumption in late-2011 and early-2012 is coming to an end, unsurprisingly. The depressed labour market is weighing on households’ income and confidence.
US: Consumers are giving up
EUR/USD: Trading the US Unemployment Claims
U.S. Mint Sales of Silver Coins Reach Record in 2013 First Half
GoldCore Gold Bullion
AUD/USD: Trading the Chinese Flash Manufacturing PMI
US: CPI inflation reverses part of its plunge in May
US yields were flat to 1 basis points lower