US Initial jobless claims will be announced on Thursday at 15:30 MT time.
British retail sales surpass forecasts in August
In August, retail sales in Great Britain surpassed forecasts, driving optimism over the UK economy, as official data disclosed on Wednesday.
UK Office for National Statistics reported that in August retail sales went up by 1.0% from last month versus last 0.6% leap that was updated from an initial 0.3% jump.
Financial experts had expected August’s outcome to go up by nearly 0.2%.
Retail sales soared 2.4% the previous month year-on-year. It confounded forecasts for a 1.1% surge and it turned to be stronger than July’s 1.4% jump.
Additionally, core retail sales, excluding car sales and fuel, jumped by 1.0% in August versus the previous 0.7% ascend that was updated up from an initial soar of 0.5%.
Experts had hoped core retail sales would inch up by 0.2% the previous month.
In August, core retail sales managed to grow 2.8% year-on-year versus the previous month’s 1.7% ascend (updated up from 1.5%).
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!