The risk trade continued to dominate and better US economic data provided the catalyst in NY trading. US retail sales was the blockbuster event and the report showed a better than anticipated 2.7% rise in the headline while the ex autos number saw a much more robust than expected 1.1% jump on the month. If that wasn’t enough, the NY Empire manufacturing index shot up to 18.9 in September after a 12.1 print the prior month – also much better than forecast. Full text »
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