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Weekly Economic Perspectives - Steep Back To Back Declines In German Retail Sales

Chief Economist

Weekly Economic Perspectives

  • The Economy
    The soft patch in the US labor market has ended. Inventories boost Canada’s GDP. More near-term fiscal stimulus in the UK. Retail sales plunge in Germany. Japan’s labor market held up well despite state of emergency. Consumer spending contributes to upside GDP surprise in Australia.
  • The Market 
    UK leads equity gains on fiscal boost. US and Canadian yields move sharply higher. The dollar catches a strong bid. Oil rallies after OPEC+ puts off supply increase.