Financial News

America's Roundup: Dollar gains on upbeat retail sales data, Wall Street falls, Gold eases, Oil falls as Iran tensions seen easing-July 17th,2019

Market Roundup

• Retail sales beat economists' expectations in June

• Fed's Powell pledges to 'act as appropriate' for the economy

• Atlanta Fed raises GDP estimate for second quarter

• US Jun Retail Control (MoM) 0.7, forecast 0.3,previous 0.6

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Singaporean non-oil domestic exports likely to have dropped at moderate pace in June

Singaporean non-oil domestic exports data is due tomorrow. According to a DBS Bank research report, the NODX is likely to have dropped at a moderate rate of 1.3 percent on a year-on-year basis in June.

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Euro areas headline inflation likely to have come below target level in June

Euro area’s final reading of the June inflation is set to release tomorrow. According to a DBS Bank research report, the final print is expected to point towards benign inflationary conditions, at 1.2 percent year-on-year.

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Canadian manufacturing sales likely to have rebounded in May on surge in transportation products

Canadian manufacturing sales data for the month of May is set to release tomorrow. According to a TD Economics research report, the manufacturing sales are expected to have recovered by rising 1.6 percent.

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Canadian headline inflation likely to have decelerated in June

Canadian inflation data for the month of June is set to release tomorrow. According to a TD Economics research report, the headline inflation is likely to have slowed down to 2.1 percent year-on-year, with prices down 0.2 percent from May.

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