US retail sales have just been released with a headline number of a rise of 0.8%, however it should be noted that last month’s figure was revised lower to a fall of 0.8% from 0.4%. US equity futures have extended their gains for the session to now up 40bps . Meanwhile, European markets remain higher trading up around 60bps, precious metal futures have spiked lower following the US data and with it the Euro has come under pressure, as investors potentially feel no further easing out of the US for the short term.

 

Posted by Philip Ball | Sales and Trading