FXStreet (Barcelona) – Analyst at Danske Bank, Kristoffer Kjær Lomholt, sees a rebound ahead for US retail sales data release today.
Key Quotes
“In the data calendar the big event is US retail sales for May. We expect a strong report underscoring that private consumption is rebounding after a subdued Q1. Headline retail sales will be boosted by particularly strong auto sales and also to some degree higher gasoline prices. However, retail sales excluding gasoline and autos and the retail control group (that tracks private consumption in the national account) are also expected to show solid gains.”
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