AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in these releases. The data arrived as follows : Imports (Oct)   0% vs prior 3%. Exports (Oct)   -5% vs prior 3%. Trade Balance (Oct)   4502 M vs 6100 M expected and prior 7180 M. Retail Sales s.a. (MoM) (Oct)   0% vs 0.3% expected and prior 0.2% . AUD/USD has dumped 0.17% and counting for the session on the knee-jerk on the back of the combined disappointments in the data. Source : FX...

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Shrinking order books and expectations for a decline in output signal companies in Europes largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business confidence declined and orders fell for the third time in four months. A Purchasing...

Frances private sector unexpectedly gained speed in August as solid performance in services was complemented by a return to growth in manufacturing. IHS Markits Purchasing Managers Index rose to 52.7 from 51.9 in July, defying economists predictions for a slight weakening. The increase was driven by a broad-based pickup in demand, with new orders expanding at the fastest...

Two gauges of manufacturing sentiment held their own in August, according to data released Thursday. The Philadelphia Fed manufacturing index fell slightly to a reading of 16.8 in August from 21.8 in July. Economists had expected a much bigger drop to 11.1, according to Econoday. The Empire State Index, meanwhile inched up at a reading of 4.8 in August from 4.3 in July, the New York Fed said....

Retail sales grew by more than expected in the US in July. US Dollar Index gains traction on the back of upbeat data. According to the data released by the US Census Bureau on Thursday, retail sales in the United States increased by 0.7% on a monthly basis in July and beat the market expectation of 0.3%. With the initial market reaction, the Greenback gathered strength and the US Dollar Index...

British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both value and volume rose in July, and department stores saw the first increase this year. Source: marketwatch

Australia's labor market continued to defy gravity in July, adding almost three times the forecast number of jobs, while unemployment remained unchanged as the labor force swelled further. Jobs rose 41,100 from June, compared with economists' forecast of a 14,000 gain; the unemployment rate held at 5.2%, matching estimates Full-time positions jumped 34,500; part-time roles gained...

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.1% in July, when compared to 2.0% booked in June while bettering expectations of a 1.9% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.9% y/y last month versus 1.8% booked in June while matching the consensus...

The German economy shrank in the second quarter, dragged down by a slump in exports, preliminary data showed on Wednesday, as manufacturers in Europe's largest economy are hit by weaker foreign demand and trade disputes. Gross domestic product (GDP) fell 0.1% quarter-on-quarter after a confirmed growth rate of 0.4% in the first three months of the year, the Federal Statistics Office said. The...

ASIA
China's Factory Outlook Improves More than Expected in September
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UNITED STATES
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EUROPE
German Services Hold Up Output as Manufacturers Struggle
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GLOBAL ECONOMY
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