Category: retail
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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Warm weather boosts UK retail sales in July, but big purchases still lag behind
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The delayed arrival of warm summer weather helped UK retail sales rebound in July, according to industry data, even as shoppers continued to avoid big purchases amid an ongoing cost of living crisis. Total UK retail sales rose 0.5% year-on-year in July, data from the British Retail Consortium showed. This…
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Bitcoin’s Anticipated Retail Resurgence
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Bitcoin’s recent price action has been a roller coaster ride of highs and lows. However, while Bitcoin has hit an all-time high and enjoyed a near-constant positive trajectory for two years, we have yet to see a steady influx of retail investors. The potential for increased retail participation and the…
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Bitcoin’s Anticipated Retail Resurgence
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Bitcoin’s recent price action has been a roller coaster ride of highs and lows. However, while Bitcoin has hit an all-time high and enjoyed a near-constant positive trajectory for two years, we have yet to see a steady influx of retail investors. The potential for increased retail participation and the…
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Retail Investors Can Now Invest in Bitcoin Startups with Thunder Funder
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Lightning Projectsa Bitcoin venture capital firm, launched Thunder Sponsoreda regulated crowdfunding (Reg CF) portal, was launched at the Bitcoin 2024 conference last week. The platform aims to democratize early-stage investing in Bitcoin and open-source startups by allowing both accredited and non-accredited investors to participate. Thunder Funder takes advantage of the…
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Retail Investors Can Now Invest in Bitcoin Startups with Thunder Funder
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Lightning Projectsa Bitcoin venture capital firm, launched Thunder Sponsoreda regulated crowdfunding (Reg CF) portal, was launched at the Bitcoin 2024 conference last week. The platform aims to democratize early-stage investing in Bitcoin and open-source startups by allowing both accredited and non-accredited investors to participate. Thunder Funder takes advantage of the…
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Exclusive-Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say By Reuters
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By Anirban Sen (Reuters) – Private equity firm Blackstone is in early talks to acquire Retail Opportunity Investments Corp, a U.S. shopping mall owner with a market value of about $2 billion, people familiar with the matter said. Blackstone’s interest comes after ROIC shares have lost more than 10% of…
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Canada May retail sales -0.8% vs -0.6% expected
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Previously +0.7% (revised to +0.6%) Previous cars -1.3% vs. -0.5% expected Previous excluding autos +1.8% (revised to +1.7%) Excluding autos and gasoline -1.4% vs. +1.4% previously The largest decline in sales was at food and beverage retailers (-1.9%). Sales also fell in May at building materials, garden equipment and supplies…
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USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
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The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
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Dollar edges higher on safety bid; sterling drops after weak retail sales By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, heading for a positive week, while the British pound fell after weak retail sales data. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 104.065, recovering from…
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U.S. Retail Sales Take a Breather But Still Up 2.3% From Last Year
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The latest preliminary estimates from the U.S. Census Bureau show that U.S. retail and food service sales decided to take a short breather in June 2024, remaining virtually unchanged from May at $704.3 billion. But wait, sales are still up 2.3% compared to June 2023, so it’s not all doom…
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Daily FX Market Review: Cha-Ching! Retail Sales Surprise Sends Dollar Higher
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The US dollar rose for the second day in a row due to stronger-than-expected US retail sales. While overall retail sales remained unchanged.Retail sales excluding automobiles U.S. retail prices rose 0.4% in June. Yes, American shoppers were back on track in June, spending more on everything except cars. This rapid…
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US stocks rise amid rate cut cheer; retail sales flat in June By Investing.com
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U.S. stocks rose on Tuesday, extending gains from the previous session amid growing optimism about interest rate cuts, as retail sales failed to grow in June. At 09:35 ET (13:35 GMT), the S&P 500 was up 235 points, or 0.6%, up 18 points, or 0.3%, and gaining 70 points, or…
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US June retail sales 0.0% versus -0.3%
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Previous month 0.1% revised to +0.3% Retail sales were $704.3 billion, compared to $704.5 billion the previous month. details: Retail Sales 0.0% vs. -0.3% Estimate Retail sales YoY +2.3% Previous cars 0.4% vs. 0.0% estimates Previous excluding autos -0.1% revised to 0.1% Control group 0.9% vs. 0.2% estimate Control group…
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US June retail sales 0.0% versus -0.3%
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Previous month 0.1% revised to +0.3% Retail sales were $704.3 billion, compared to $704.5 billion the previous month. details: Retail Sales 0.0% vs. -0.3% Estimate Retail sales YoY +2.3% Previous cars 0.4% vs. 0.0% estimates Previous excluding autos -0.1% revised to 0.1% Control group 0.9% vs. 0.2% estimate Control group…
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US retail sales gains more attention as Japan eyes big data to intervene
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The latest yen intervention effort is an out-of-the-ordinary move as Japan appears to be trying out a new strategy. It is relying on weaker US data to push the USD/JPY pair down in particular. Previous: Bank of Japan data suggests Japan also intervened in the foreign exchange market on July…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
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Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
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Bitcoin set to rise slightly on a weekly basis as retail inflation eases
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CHENAPONG/iStock Editorial via Getty Images Bitcoin (BTC-USD) price is set to post a weekly decline. 2.7% increaseIn a week that saw retail inflation fall, while wholesale inflation came in higher than expected. The world’s oldest cryptocurrency has remained below the $60,000 level all week, but has been hovering around the…
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Bitcoin Records Surge In Retail Investors, Is A Price Rebound On?
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Similor Valeti is a cryptocurrency writer, specializing in journalism and content creation. Although he started out writing about several topics, Similor quickly gained a knack for dealing with the intricacies and intricacies of the interesting world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in…