US Retail Sales YoY (Feb) Y/Y 3.7% vs. Exp. 2.9% (Prev. 3.2%)
The February YoY retail sales growth of 3.7% surpassing the expected 2.9% indicates stronger consumer spending than anticipated, suggesting underlying economic resilience.
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 YoY (Feb) Y/Y 3.7% vs. Exp. 2.9% (Prev. 3.2%)
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 could bolster expectations for consumer-driven growth, potentially influencing central bank policy on rate hikes moving forward.
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