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3 Numbers: US store sales concerns, US home sales, German bond yields
It’s a light day for scheduled economic reports in Europe, but the US retail and housing sectors are in focus with the release of weekly store sales data and the monthly update on existing home sales. Meanwhile, keep an eye on the sinking 10-year yield on German bonds as Berlin persists in pushing austerity while the Eurozone economy continues to stumble. US: ICSC-Goldman Sachs Chain Store Sales (11:45 GMT) The US continues to post encouraging economic results, although retail spending was unexpectedly weak last month. The government’s September report showed a 0.3% pullback for consumption. The decrease was ... (full story)