US Retail Sales Ex Gas/Autos MoM (Jan) M/M 0.3% vs. Exp. 0% (Prev. 0.1%, Rev. From 0%)

The US retail sales ex-gas and autos for January showed a monthly increase of 0.3%, outperforming expectations of flat growth.

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UKMTO reports that a tugboat was hit by a unknown projectile within the Strait of Hormuz

Western Alliance Bancorp (WAL) CEO says until last week, the loan had performed as expected, adds that they can absorb the loss with minimal disruption

US Retail Sales Ex Gas/Autos MoM (Jan) M/M 0.3% vs. Exp. 0% (Prev. 0.1%, Rev. From 0%)

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Jefferies (JEF) believes that Western Alliance (WAL) lawsuit is without merit and it will be defended vigorously

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This positive surprise may suggest stronger consumer spending than anticipated, signaling a resilient economy that could influence thoughts on monetary policy going forward. Traders should consider the implications for inflation and potential shifts in interest rate expectations as these figures are closely watched by the Fed.

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