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Weekly Economic Perspectives: Signs Of Fatigue In US Retail Sales

Senior Economist

Weekly Economic Perspectives

  • The Economy
    The Fed remains on hold, upgrades forecasts. Canadian retail sales top expectations. The BoE holds steady. Eurozone manufacturing activity improves, services contract. The BoJ also stays on the sidelines. Victoria drives Australian employment gains.
  • The Market
    German, US equities lead gains on stimulus, vaccine, industrial data. Yields widen modestly as investors digest mixed data. Dollar weakness continues, as do pound gains. Oil rises briskly and gold catches another bid.