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US retail sales exceed forecasts in June
At 12:30 GMT, the US economy released its reading for the retail sales index , which rose 0.6% in June, beating forecasts of drop by 0.4%, and higher than the previous reading of a drop by 1.7% after it was revised from 1.3%.
The core reading (excluding car sales) rose 1.3%, beating forecasts of 0.4%, while the previous reading was at -0.9%. This data is positive for the US economy.
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