Market Comment | Robustness of U.S. retail sales in June

Summary

U.S. retail sales rose 0.4% MoM in June, the fourth consecutive month of rises and a sign of economic robustness, according to data released by the Department of Commerce. The Fed is unlikely to cut interest rates by more than 25 basis points in July.

Key points

• Key points:
• U.S. retail sales rises 0.4% MoM in June.
• The index tracking the dollar (DXY) rises 0.4%.
• Search for yield continue benefiting peripherals risk premiums.

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