US retail sales amongst market movers today – Danske Bank

Today, there is a string of US data due and retail sales amongst them is going to be key economic release for markets, according to analysts at Danske Bank.

Key Quotes

“US retail sales that have been robust for a long time on the back of a strong labour market and tax cuts earlier this year. We expect it to stay decent as household fundamentals are still strong.”

“The two regional surveys, Empire Index and Philadelphia Fed, will give the first indication of manufacturing confidence in October. Recently, ISM manufacturing has softened and in line with consensus, we expect surveys to moderate further from the quite high levels reached earlier this year. Initial jobless claims and import prices are also due for release today.”