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Eurozone: Retail sales to post solid increase – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expect that today’s release of Euro area retail sales will post a strong number on August and they are looking for a solid increase of 0.4% m/m for the second month in a row supported by a drop in gasoline prices lately (consensus -0.1% m/m).

Key Quotes

“The euro Sentix index for October is also released. It dropped from a fairly high level in September and is likely to fall further following the EM turmoil as also indicated by the big drop in the German ZEW index. In addition, the euro area releases final service PMI, which will provide details for Spain and Italy as well.”

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