Back
11 Dec 2014
Today’s major focus will be the US retail sales report – Rabobank
FXStreet (Barcelona) - Michael Every of Rabobank notes that markets highly await today’s US retail sales report, which is expected to come out at 0.4% MoM.
Key Quotes
“Today’s major focus is the US retail sales report. Expectations are for a 0.4% MoM print and 0.5% ex autos. Clearly this really matters given consumption makes up 70% of the US economy, and optimism on the US outlook seems to make up an even greater degree of the hopes for a sustained global recovery in 2015. We will also get the Q3 change in household wealth report, where the magic QE has worked on equities and housing will be laid out for all to see (leaving us to wonder why we bother with efforts at increasing productivity and innovation, etc.)”
Key Quotes
“Today’s major focus is the US retail sales report. Expectations are for a 0.4% MoM print and 0.5% ex autos. Clearly this really matters given consumption makes up 70% of the US economy, and optimism on the US outlook seems to make up an even greater degree of the hopes for a sustained global recovery in 2015. We will also get the Q3 change in household wealth report, where the magic QE has worked on equities and housing will be laid out for all to see (leaving us to wonder why we bother with efforts at increasing productivity and innovation, etc.)”