Despite concerns over new tariffs, retail sales in the United States have once again increased slightly, exceeding the consensus estimate. The previous month’s figures were also revised upward. According to data released on Thursday, US retail sales increased by 0.1% compared to the previous month, while stagnation was generally expected. This led to the Dax being able to turn positive after trading in the red for the day. Some market commentators believe that this could confirm the stance of the US Federal Reserve in favor of further interest rate cuts. However, the unexpectedly weak result in producer prices may keep interest rate expectations relatively stable.
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