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Global markets: US retail sales see lacklustre movement

By Commodity News Service Canada

WINNIPEG, March 15 – The following is a glance at the news moving markets globally.

– US retail sales posted their smallest increase in six months in February, according to reports out of the country on Wednesday.

Purchases rose 0.1 per cent, analysts say, a scale back in the consumer spending which underpins the US economy.

– US President Donald Trump is set to outline the first 2018 fiscal year budget on Thursday.

White House officials have said Trump is likely to increase military spending by US$54 billion.

– This week is also set to deliver a double-dose of interest rate decisions, with the US Federal Reserve’s policy meeting ending on Wednesday and the Bank of England decision on Thursday.

The Fed is expected to raise rates while the BoE is expected to hold rates steady.

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