US Retail Sales Ex Gas/Autos MoM (Apr) M/M 0.5% (Prev. 0.6%)
US retail sales excluding gas and autos rose by 0.5% month-over-month in April, slightly lower than the previous month's 0.6%.
"The ceasefire between Israel and Lebanon will be extended for an indefinite period", Sky News Arabia reports
Israeli Defence Minister Katz says the Iran mission is not over; Israel is prepared for the possibility that we may need to act again
US Retail Sales Ex Gas/Autos MoM (Apr) M/M 0.5% (Prev. 0.6%)
Russia is looking forward to direct contacts with Chinese President Xi that are not linked to US President Trump’s visit to China, TASS reports
UK Health Minister ally says to Sky's Rigby, Streeting has not decided to trigger a challenge/immediate contest, PM Starmer needs to set out a timetable; Mail's Hodges says "I am told the bulk of the cabinet will now move in behind this position as well"
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This modest deceleration could suggest a potential easing in consumer spending momentum, which may influence outlooks on growth and monetary policy moving forward. Markets might perceive this as a signal of a more cautious consumer, possibly impacting expectations for future rate hikes.
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