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Sep 12, 2014
US Retail Sales/Reuters index the main events today – Danske Bank
FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, underlines today’s releases in the US economy.
Key Quotes
“In the US the main event is the release of retail sales for August”.
“After some moderation in retail sales in the previous month we expect solid gains in August driven mainly by exceptionally strong auto sales”.
“We also expect the University of Michigan consumer confidence to improve markedly in September on the back of lower gasoline prices and higher stock prices”.
Key Quotes
“In the US the main event is the release of retail sales for August”.
“After some moderation in retail sales in the previous month we expect solid gains in August driven mainly by exceptionally strong auto sales”.
“We also expect the University of Michigan consumer confidence to improve markedly in September on the back of lower gasoline prices and higher stock prices”.