Tag: Retail Sales Figures
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German retail sales seen falling more than expected in 2023 as inflation bites
[ad_1] German retail sales are expected to fall more than previously expected in 2023, according to the German retail federation HDE, with high inflation expected to squeeze consumer spending. Retail sales are seen falling by 4% in real terms, down from a previous estimate of a 3% contraction, the HDE said. Data last week said…
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Father’s Day gifts: Try a bourbon-and-tie gift set, or $25,000 bottle of Scotch
[ad_1] Sure, you can buy dad a bottle of his beloved booze for Father’s Day. But why stop there? For the big holiday, which falls on June 18 this year, enterprising wine and spirits makers are putting together all sorts of fun packages that combine a bottle with something else. It’s a bit like those…
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China retail sales and industrial production cooled in May
[ad_1] Growth in China’s consumption and industrial production cooled in May, showing that the country’s economic recovery is losing momentum, official data showed Thursday. Retail sales, a proxy for China’s consumption, rose 12.7% from a year earlier in May, down from an 18.4% increase in April, said the National Bureau of Statistics. The result missed…
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RBNZ announces another rate hike as cyclone cleanup lifts economy
[ad_1] SYDNEY — The Reserve Bank of New Zealand raised its official cash rate by a further 25 basis points at a policy meeting on Wednesday, warning that inflation remains too high and that interest rates settings will need to remain restrictive for some time yet. The OCR was raised to 5.50% from 5.25% as…
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U.S. stock futures stay lower after retail sales, as debt ceiling talks loom
[ad_1] U.S. stock index futures were trading lower Tuesday as investor checked consumer health with April retail sales and awaited news on debt ceiling negotiations later in the day. How are stock-index futures trading S&P 500 futures ES00, -0.31% dipped 11 points, or 0.2%, to 4,139 Dow Jones Industrial Average futures YM00, -0.35% fell 102…
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U.S. stock futures pare losses as JPMorgan beats
[ad_1] U.S. stocks on Friday retreated from their highest levels since mid-February as investors digested strong big bank earnings, weak retail sales, and hawkish comments from a Federal Reserve official. How are stocks trading? The Dow Jones Industrial Average DJIA, -0.80% shed almost 222 points, or 0.7%, to about 33,808. The S&P 500 SPX, -0.69%…
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Retail sales tumble in another sign of a softening U.S. economy
[ad_1] The numbers: Sales at retailers dropped 1% in March and declined for the fourth time in the past five months, reflecting a slowdown in the U.S. economy and a shift in consumer-spending habits. Retail sales are a big part of consumer spending and offer clues about the strength of the economy. Sales had been…
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Treasury yields ease ahead of retail sales data
[ad_1] Treasury yields were trading mostly steady on Friday, as investors awaited more economic updates, including retail sales, and the start of earnings season. What’s happening? The yield on the 2-year Treasury TMUBMUSD02Y, 3.962% fell 2.1 basis points to 3.96%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury TMUBMUSD10Y,…
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U.K. retail sales growth stabilized in March despite Mother’s Day
[ad_1] U.K. retail sales grew slightly less than the previous month in March despite lower volumes year-on-year, with Mother’s Day providing a small boost as inflation continues to bite, the latest report by KPMG and the British Retail Consortium released on Tuesday showed. Total retail sales for the five weeks to April 1 rose 5.1%…