At 13:30 GMT, the US economy released its reading of the retail sales index for December down by 0.7%, lower than forecasts of 0%, from the previous reading of a drop by 1.4% after it was revised from 1.1%.
The retail sales index core reading (excluding automobiles) was at -1.4%, lower than forecasts of -0.1%, and lower than the previous reading of -1.3% after it was revised from -0.9%. This data is negative for the US economy.