In the view of the analysts at Scotiabank, the US October Retail Sales report, due on Friday at 1330 GMT, is expected to rebound from a weak September reading.
Key Quotes:
“Retail sales figures for October will have to rely upon a bounce-back in core sales ex-autos and gasoline including higher prices in order to return into the black
Industrial output … Notwithstanding recent potential stabilization in ISM-manufacturing and Markit’s manufacturing PMI, industrial production is likely to continue to weaken.”
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