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ForexForexLive

Germany retail sales slump in September as consumer weakness adds to ECB's headache

Germany September retail sales -2.0% vs +0.4% m/m expected Prior +1.3%; revised to +1.2% Germany September retail sales -2.3% y/y Prior -0.4%; revised to -0.3% Ouch. Death, taxes, and Germany economic data disappointing on expectations. It feels almost inevitable more often than not. That's a big miss on German retail sales with consumption activity softening across the board. Looking at the…

CommodityOilPrice.com

Oil Prices Slide 3% as Hopes for Iran Peace Deal Grow

Crude oil prices started the week with a dip on renewed optimism about a possible peace deal between the United States and Iran, following reports about mediation talks between Iran and Qatar over the weekend. At the time of writing, Brent crude was trading at $109.82 per barrel, and West Texas Intermediate was changing hands for $100.57 per barrel, despite a statement by Iran’s Foreign Minister…

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