logo |

News

    Home   >     Industry    >     Main body

    Eurozone Retail Sales Ignored Ahead of Lagarde, Powell, and U.S NFP Numbers

    Abstract:Disappointing Eurozone retail sales were expected. Comments from Lagarde and Powell perhaps less predictable ahead of U.S NFP numbers later today…

      It was a quieter day on the economic data front. Eurozone retail sales figures were in focus.

      In April, retail sales fell by 3.1%, month-on-month, reversing most of a 3.3% increase from March. Economists had forecast a more modest 1.2% decline.

      According to Eurostat,

    •   The volume of retail trade decreased by 5.1% for non-food products and by 2.0% for food, drinks, & tobacco.

    •   There was a 0.4% increase in automotive fuel sales, however.

    •   Slovenia (-10.4%) and France (-6.0%) logged the largest declines in the month of April.

    •   Portugal (+4.3%), Latvia (+3.8%), and Lithuania (+3.7%) recorded the largest increases in April, however.

    •   Compared with April 2020, retail trade had jumped by 23.9%.

    •   Year-on-year, automotive fuel sales surged by 65.5%, non-food products by 42.6%, and food, drinks & tobacco by a modest 3.3%.

    •   Luxembourg (+46.1%) and France (+42.1%) recorded the highest annual increases in retail trade.

      Market Impact

      Ahead of todays numbers the EUR had risen to a pre-stat high and current day high $1.21322 before easing back to a pre-stat and current day low $1.21041.

      In response to todays stats, the EUR fell to a post-stat low $1.21085 before striking a post-stat high $1.21177.

      At the time of writing, the EUR was down by 0.04% to $1.21111.

      Next Up

      ECB President Lagarde and FED Chair Powell ahead of U.S non-farm payrolls…

      The markets are expecting Lagarde to reassure and NFP numbers to surge. Comments from Powell are less predictable, however, on the asset purchasing program.

    Latest News

    Australia Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Australia Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.