020 7898 0500The day was understandably dominated by the BoE and ECB interest announcements (although both came in as expected), but the US posted several pieces of positive data. Retail sales for November were much better than anticipated, coming in at 0.8% as they did. They had been expected to show a 0.3% increase.
Meanwhile, the amount of people claiming unemployment benefit dropped to 225,000 and we saw a raft of PMI data too. Composite PMI dipped to 53 from 54.5, manufacturing jumped to 55 from 53.9 – better than the 54 that was expected, and services PMI was 52.4 when it was forecast to hit 55.
As with the UK and eurozone, there are no major economic data releases today, but we will see industrial and manufacturing production figures for November.
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