Market news
17.10.2019, 06:02

UK: Retail Sales and Brexit negotiations in focus – TDS

Analysts at TD Securities are looking for the US retail sales to post a -0.2% MoM decline in September (mkt -0.1%).

“While the heat wave in the second half of the month should support sales, some other survey measures showed extremely weak retail outcomes, and all three PMIs were below 50. So we think that we're more likely to see a negative print for sales. Brexit negotiations will continue this morning, with the best case scenario now looking like a deal, if done, will be discussed by EU leaders on Friday ahead of a vote in Parliament on Saturday. Full approval in the next few days is ambitious, and while not impossible, remains unlikely in our view. This means that the Benn Act comes into play this weekend, with PM Johnson mandated to write a letter to the EU, requesting an Article 50 extension, with the hopes a deal can still be done next week.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location