Market themes of the Day: UK retail sales headline
|What you need to know before markets open
In Europe
- The German GDP rose 0.5% Q/Q in the second quarter this year.
- German investors sentiment indicator from ZEW Institute accelerated to -13.7 in August, up from -24.7 in July.
- The Eurozone Q2 GDP rose 0.3% Q/Q while increasing 2.1% y/y.
- The Eurozone industrial production is expected to fall -0.7% m/m while increasing 2.5% y/y.
In the UK
- The UK inflation accelerated to 2.5% y/y in July with core inflation remaining stagnant at 1.9% y/y, in line with the market expectations. For details read my Analysis here.
- The UK retail sales are expected to increase 0.2% in July with core retail sales stripping the basket off motor fuel sales rising 0.1% m/m. For more details read my Preview here.
In the US
- The core US retail sales doubled the expectations rising 0.6% m/m while the control group retail sales expanded by 0.5% m/m in July.
- The US non-farm business sector productivity rose 2.9% Q/Q annualized while labor cost increased 1.9%.
- The US and China are set to resume trade talks in late August.
- The US building permits are expected to pick up rising 1.4% m/m in July and housing starts accelerate the growth rate to 7.4% m/m after slumping in June.
In Australia
- Australian employment report saw the total number of new jobs falling by 3.9K with the unemployment rate dropping to 5.3%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.