The latest retail sales data from the US Census Bureau revealed that retail sales in the US fell 1.1% month-over-month in December, following an upwardly revised 1% drop in November. This was worse than the 0.8% fall markets had already forecast. The biggest decline was recorded at gasoline stations which saw a -4.6% drop.
Today, markets remain poised for the latest housing starts and initial jobless claims data, which is scheduled to be released at 1:30 lunchtime.
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