US DATA: Chicago Fed CARTS Points To Solid Core Retail Sales In Sept
Oct-15 13:11
The Chicago Fed's Advance Retail Trade Summary (CARTS)'s final estimate for September Retail sales ex-auto is 0.5% M/M, an improvement from their 0.3% preliminary estimate. The inflation-adjusted estimate is 0.2% M/M.
- The Census Bureau's official reading for August was 0.7% M/M, so this would mark a modest deceleration, but the strong performance over the last 4 months would see the quarterly rate of growth (3M/3M annualized rate) of 6.4%, the fastest since October 2023.
- Excluding autos offers a rough approximation of the Control Group reading which came in at 0.74% M/M in August (ex-autos unrounded was 0.66%), so if CARTS is close to the mark then this bodes well for another solid Census Bureau advance report whenever we get it. It was due out on Thursday October 16 but is postponed indefinitely due to the federal government shutdown.
- As such it also bodes well for core PCE goods purchases in Q3, albeit these are nominal and not in inflation-adjusted terms.
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EQUITIES: Sino-U.S. Trade Meeting Comments Continue to Underpin Equities
Sep-15 13:07
Positives surrounding the Sino-U.S. trade talks, with a Trump-Xi phone call confirmed for this Friday, continue to underpin e-minis.
- USTR Greer has noted that the U.S. is open to considering further action on the tariff pause if the talks are positive.
- Meanwhile, Treasury Secretary Bessent pointed to the likelihood of another round of trade talks in the coming weeks.
- Projected resistance in S&P 500 e-minis comes in at 6,685.25.
MXN: FX Exchange traded Option
Sep-15 13:05
FX Exchange traded Option, looking for MXN upside:
- MXNUSD (3rd Oct) 5.45c, bought for 0.0001 in 3.25k total.
The underlying exchanges hands at 5.3860, and this looks to be a new position.
MNI EXCLUSIVE: MNI speaks with Italian and Greek officials about EGB markets
Sep-15 13:00
MNI speaks with Italian and Greek officials about eurozone debt markets. -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
