UK BRC Retail Sales Monitor YoY (Mar) Y/Y 3.1% vs. Exp. 0.9% (Prev. 0.7%)
The UK BRC Retail Sales Monitor shows a significant year-on-year growth of 3.1%, notably surpassing expectations of 0.9%.
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Westpac (WBC AT) expects higher loan losses with a credit impairment charge of around 10bps of average gross loans in H1 results
US Southern Command reports Eastern Pacific strike targets narco-trafficking vessel, resulting in 2 fatalities
UK BRC Retail Sales Monitor YoY (Mar) Y/Y 3.1% vs. Exp. 0.9% (Prev. 0.7%)
Iran says "Iran’s Pasteur Institute, a key health research center, was struck three times in recent U.S. and Israeli regime attacks. Several units and critical infrastructure were destroyed. Officials say reconstruction may take up to 6 months"
US GOP Rep. Gonzalez is to retire from Congress tomorrow following sexual misconduct allegations
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This stronger-than-anticipated figure suggests a robust consumer spending environment, which may indicate resilience in the UK economy and could influence the Bank of England's monetary policy outlook going forward.
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