The article discusses the firm market sentiment despite a mixed retail sales report from the US, indicating a 0.2% MoM growth. It highlights the impact of geopolitical events, including a call between Trump and Putin, and looming central bank decisions. A mixed assessment of US consumer health raises concerns over the economic outlook, exacerbated by existing tariffs. The future remains uncertain with varying interpretations of retail data, suggesting a lack of strong conviction among market participants as they await further developments and data releases.
The figures from the latest US retail sales report were mixed, showing a weak overall growth of 0.2% MoM against contrasting data that suggests consumer resilience.
Today's landscape is clouded by geopolitical events, central bank decisions, and uncertainty around US trade policy, leading to cautious market sentiment and a lack of conviction.
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