Investors have been inundated with a flood of key economic releases this week from the UK and across the Atlantic.
While there is lots of underlying data to sift through, headline figures suggest a so-called soft landing might be more attainable than markets feared just a fortnight ago. In a significant turnaround, global stock markets are headed for their best week since November 2023 after fresh retail figures on Thursday (15 August) suggested that the world's largest economy is not heading towards a recession. Friday Briefing: A US recession was never really off the table US retail sales surged by 1% in July, significantly outpacing economists' expectations of 0.4% growth —the strongest in...
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