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    Insights   •   Market Updates

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

    Simona M Mocuta
    Senior Economist
    Kaushik Baidya
    Intermediate Quant Analyst

    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.
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