UK retail sales and US jobless claims in focus today – Danske Bank

Research Team at Danske Bank, suggests that the UK retail sales and US jobless claims will be in the focus for today’s session.

Key Quotes

“In the UK, retail sales data for September are due out. While retail sales are very volatile from month to month, it will be the last major release before the first estimate of GDP growth in Q3 is due next week.

In the US, initial jobless claims are due out, which continue to be very low - currently at the lowest level since the 70s - indicating a healthy labour market. However, looking at the unemployment and underemployment rates, which have moved sideways for some time, suggests there is more slack left in the labour market than previously thought.”