Retail Sales in the United States (US) rose by 0.2% in February to $722.7 billion, the US Census Bureau announced on Monday.
China’s January-February economic data was better-than-anticipated.
January-February activity data beat expectations, supported by fiscal front-loading.
In its latest report published on Monday, the Organization for Economic Co-operation and Development (OECD) lowers global growth outlook on trade tensions, seeing stronger inflation pressures.
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China’s macroeconomic data turned out brighter than expected in Jan-Feb with industrial production, retail sales and urban fixed assets investment (FAI) above Bloomberg’s consensus forecasts.
European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “trade war is bad news for the world economy, everyone loses in that situation.” US President Donald “Trump administration has increased economic uncertainty due to tariffs, deregulation,” the ECB official added.
US President Donald Trump said early Monday that he “will impose reciprocal and sectoral tariffs on April 2.” Additional quotes No intention of making exemptions on steel, aluminum tariffs.
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.