Day: June 15, 2021

Stocks Mixed After Weaker-Than-Expected Retail Sales Report

U.S. has just provided Retail Sales report for May. Retail Sales decreased by 1.3% month-over-month in May compared to analyst consensus which called for a decline of 0.8%. On a year-over-year basis, Retail Sales grew by 28.1% as they were under significant pressure in May 2020. Excluding Autos, Retail Sales decreased by 0.7%. S&P 500 …

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Risk-on mood ahead of US Retail Sales, cryptos recover

The market mood is positive, weighing on the dollar, ahead of US retail sales figures for May. Markets are eyeing mixed headlines about the Delta covid variant and uncertainty US infrastructure as the Fed decision looms large. Cryptocurrencies are clinging gains. Risk-on: US 10-year Treasury yields have dropped under 1.50% once again as investors position …

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