This post was originally published on this site.EUROPEAN SESSION In the European session, we get the Flash PMIs for the major Eurozone economies and the UK. Given the current growth concerns, disappointing PMIs could add to fears that the recent tightening in financial conditions and the elevated energy prices are starting to strangle the economy. This scenario should result in a dovish repricing further out the curve, with traders pricing in 71 bps of tightening for the ECB by the end of 2027 and 112 bps for the BoE.  Better than expected data could quell growth concerns and trigger some...

This post was originally published on this site. UK September retail sales -0.4% vs -0.1% m/m expected Prior +0.5; revised to +0.7% UK September retail sales +0.8% vs +1.0% y/y expected Prior +2.4%; revised to +2.7% UK September retail sales (ex autos, fuel) -0.7% vs -0.1% m/m expected Prior +0.6%; revised to +0.9% UK September retail sales (ex autos, fuel) +0.8% vs +1.5% y/y expected Prior +2.7%; revised to +2.9% UK retail sales disappointed in September, falling by 0.4% on the month and missing expectations of a 0.1% decline. That comes after a stronger revision to the August number, which...