US Retail Sales YoY (Apr) Y/Y 4.9% vs. Exp. 3.3% (Prev. 4.0%)
April's US retail sales growth of 4.9% significantly outperformed expectations of 3.3%, indicating stronger consumer spending momentum than anticipated.
"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 YoY (Apr) Y/Y 4.9% vs. Exp. 3.3% (Prev. 4.0%)
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 beat may suggest a robust economic outlook, potentially leading to upward pressure on interest rates as the Federal Reserve assesses inflationary pressures alongside growth.
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