Swiss Retail Sales MoM (Feb) M/M 0.4% vs. Exp. 0.1% (Prev. 1.1%)
Swiss retail sales for February came in at a strong 0.4% month-on-month, significantly beating expectations of 0.1%.
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Swiss Retail Sales MoM (Feb) M/M 0.4% vs. Exp. 0.1% (Prev. 1.1%)
[MARKET UPDATE] Energy continues to retreat given overnight updates around the Iran war "coming to an end", WTI marginally below USD 100/bbl, lifting fixed income and equity futures further. To the detriment of the USD and benefit of G10 peers.
Arab sources reported the sound of explosions in Saudi Arabia this morning; US interests in Saudi Arabia have been targeted, Fars News reports
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This positive surprise indicates consumer strength, suggesting potential resilience in the Swiss economy; however, the prior month's growth was notably higher at 1.1%. Traders should consider the implications for consumer sentiment and the broader economic outlook as this may influence monetary policy expectations.
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