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U.S. Economy

US Retail Sales Control Group (Jul MM) -0.4% vs. Exp. 0.3% (Prev. 0.4%)

StockNow breaking-news AI analysis

July retail sales significantly missed expectations, signaling consumer weakness. This, alongside cooling PPI data, has lowered September Fed rate hike probabilities despite ongoing geopolitical energy risks.

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Global Economy

European GDP Growth Rate 2nd Est (Q2 YY) 1.0% vs. Exp. 1% (Prev. 0.5%)

U.S. Economy

US Retail Sales (Jul YY) 5% (Prev. 6.7%)

Geopolitics

Japanese Regional Coast Guard says four Chinese ships intruded into Japanese territorial waters, Kyodo reports