EU Retail Sales MoM (Nov) M/M 0.2% vs. Exp. 0.1% (Prev. 0.3%, Rev. 0%)
The EU Retail Sales for November rose by 0.2% month-on-month, beating expectations of 0.1% and indicating ongoing consumer resilience, although it's a slowdown from the previous month's 0.3% growth.
BofA Flow Show (USD): Bull & Bear Indicator remains at 9.0
US GOP is reportedly pushing ahead to prevent China from getting access to US tech such as chips, via Axios
EU Retail Sales MoM (Nov) M/M 0.2% vs. Exp. 0.1% (Prev. 0.3%, Rev. 0%)
Greek Industrial Production YoY (Nov) Y/Y 2.6% vs. Exp. 5.1% (Prev. 6.4%)
China is to cancel VAT export rebates for solar panel products from 1st April 2025; battery export rebate cut to 6% (prev. 9%) until the end of 2026, but will be fully removed from 1st January 2027
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This print suggests a potentially positive impact on economic sentiment, though the deceleration might still raise concerns about sustainability. Investors should consider how this might influence ECB policy discussions, particularly regarding growth forecasts and inflation dynamics.
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