US Retail Sales MoM (Feb) M/M 0.6% vs. Exp. 0.4% (Prev. -0.2%, Low. 0.2%, High. 0.8%)
The February US retail sales figures show a stronger-than-expected increase of 0.6% month-on-month, beating the 0.4% expectation.
US President Trump says new Iran President has asked for a ceasefire; US will consider when Hormuz is open
UK to host coalition talks on securing Strait of Hormuz, FT reports; Other countries including France, Netherlands and Gulf states have been involved in private discussions over what naval assets would be willing to provide to any potential coalition
US Retail Sales MoM (Feb) M/M 0.6% vs. Exp. 0.4% (Prev. -0.2%, Low. 0.2%, High. 0.8%)
Petrobras (PBR) raises its jet fuel prices by approximately 55%
BoE Governor Bailey says he still thinks markets are getting ahead of themselves by pricing in rate hikes, according to a Reuters interview
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This uptick not only reverses the previous decline but also suggests robust consumer spending, which could impact future monetary policy considerations as the Fed assesses growth and inflation dynamics.
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