EU Retail Sales YoY (Dec) Y/Y 1.3% vs. Exp. 1.6% (Prev. 2.4%, Rev. From 2.3%)
The EU retail sales year-on-year figure of 1.3% missed expectations of 1.6% and shows a notable decline from the previous 2.4%.
Republican Senator Hawley is circulating a bill around Congress that would ensure the costs of data centres' energy use is not passed onto consumers, Axios reports citing a bill summary
The Trump Administration is planning to make it easier to fire career officials in senior positions, potentially affecting 50,000 workers, WSJ reports
EU Retail Sales YoY (Dec) Y/Y 1.3% vs. Exp. 1.6% (Prev. 2.4%, Rev. From 2.3%)
EU Commission finds that Apple (AAPL) ads and Apple maps should not be designated under the Digital Markets Act
Evonik (EVK GY) FY (EUR) Sales 14.1bln (exp. 14bln), Adj. EBITDA 1.87bln (exp. 1.87bln). FY Outlook: Adj. EBITDA 1.7-2bln (exp. 1.84bln)
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This slowdown could suggest weakening consumer demand, which might influence the ECB's outlook on monetary policy and future rate adjustments. Traders should watch for shifts in market sentiment regarding growth and inflation as this data comes in below trend.
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