EU Retail Sales YoY (Mar) Y/Y 1.2% vs. Exp. 1% (Prev. 1.7%, Low. 0.2%, High. 1.5%)
The latest EU retail sales data showed a year-on-year increase of 1.2%, outperforming expectations of 1%.
[MARKET ANALYSIS] Crude slips amid reports of a potential Strait of Hormuz breakthrough
BoJ data up to April 30th shows Japan spent around JPY 4.68tln to support the JPY
EU Retail Sales YoY (Mar) Y/Y 1.2% vs. Exp. 1% (Prev. 1.7%, Low. 0.2%, High. 1.5%)
[MARKET ANALYSIS] European bourses are modestly firmer; SHEL LN -1.7% post-earnings
[MARKET ANALYSIS] DXY downbeat as positive geopolitical headlines pressure crude
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This suggests resilience in consumer spending, although it marks a decrease from the previous figure of 1.7%. Stronger retail performance could support the view of sustained economic activity, potentially impacting future policy discussions around interest rates.
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