Details of the July 2017 US retail advance sales report
- Prior -0.2%. Revised to 0.3%
- Ex-autos 0.5% vs 0.3% exp m/m.
- Ex-autos & gas 0.5% vs 0.4% exp m/m.
- Retail sales control group 0.6% vs. 0.4% exp m/m
Much stronger number and revisions.
- Retail sales revised to 0.3% vs -0.2% previous
- ex Auto +0.1% vs -0.2% previous
- Ex auto and gas +0.3% vs -0.1% previous
- COntrol group +0.1% vs -0.1% previous
The dollar is moving sharply higher after the much better than expected retail sales. Solid. It has risen to 1 year highs (whoops....sorry) toward the highest level since August 8th vs the Japanese Yen. The EURUSD is down testing the 117.00 1.1700 (whoops again) level.
The US bond prices have fallen more than 1 point. The 30 year yield is up to 2.8607%, up 5.3 bp. The 10 year is up 5.6 bp to 2.274%.
US stocks are about where they were earlier with the Nasdaq up 18.5 points and the S&P up about 6 points.
Gold is falling and is down near -$13 (vs -$9.00 when NY traders entered for the day).
