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3 Numbers: EU retail sales soften, US jobs, US services

From tradingfloor.com

Wednesday’s a busy day for economic releases, including an update on the hard data for retail spending in the Eurozone in June. Later, a couple of US numbers – ADP Employment Report and ISM Services Index – will receive close attention as the crowd considers the potential for an announcement on tighter monetary policy at the Federal Reserve’s September policy meeting. EU: Retail Sales (09:00 GMT) Consumer spending in the Eurozone is still rising, but the rate of growth has eased lately. Markit’s June update for the retail purchasing managers’ index (PMI) dipped to 50.4 at this year’s midpoint – close to the neutral ... (full story)

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