Most of this week’s key data is being released today and US retail sales for April are expected to show a decent rise of 0.4% m/m for the core measure (control group), suggests the research team at Danske Bank.
Key Quotes
“US private consumption was soft at the beginning of the year but is expected to recover in Q2. However, the recent rise in oil prices could postpone a rebound in private consumption. The US is also due to release the Empire index; the first regional survey for April.”
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