S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The consumer is officially cooling down. Here are the numbers:
- Retail Sales: -0.6% MoM (Exp. +0.1%)
- Retail Sales Ex-Auto: -0.3% MoM (Exp. +0.2%)
- Control Group: -0.4% MoM (Exp. +0.3%)
The US Dollar (USD) is taking a hit. Bad news for the economy is dovish news for the Fed. This massive miss signals a severe slowdown in consumer spending, dramatically increasing the odds of faster and deeper interest rate cuts. The dollar is losing ground as yields drop in response. Traders pare wagers on more than one Fed rate hike by mid-2027.Source: xStation
