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13 May 2015
US retail sales data expected to show an above consensus rebound – Danske
FXStreet (Barcelona) - Senior Analyst at Danske Bank, Morten Helt, predicts US Retail sales data to increase by 0.6% mom, and credit lending to rebound as well, which will boost confidence for a September rate hike.
Key Quotes
“The big event today will be US retail sales for April. Following disappointments in the previous months, we look for an increase of 0.6% m/m in core sales (control group), slightly higher than consensus of 0.5% m/m.”
“Weekly credit lending as well as weekly retail sales figures point to a decent rebound in April. If confirmed, it will underpin the view of a recovery in Q2 GDP and boost confidence in a September Fed rate hike.”
Key Quotes
“The big event today will be US retail sales for April. Following disappointments in the previous months, we look for an increase of 0.6% m/m in core sales (control group), slightly higher than consensus of 0.5% m/m.”
“Weekly credit lending as well as weekly retail sales figures point to a decent rebound in April. If confirmed, it will underpin the view of a recovery in Q2 GDP and boost confidence in a September Fed rate hike.”