Trump–Putin meeting, retail sales, consumer data: What to Watch
President Trump and Russian President Vladimir Putin will be meeting in Alaska for the US–Russia summit around 3:30 p.m. The two leaders are expected to discuss the war in Ukraine and the possibility of peace agreements. Trade between the US and Russia will also be a topic of discussion.
US retail sales data for July will be posted in the morning. Economists are expecting in Core retail sales to slow by 0.3% from the previous month.
August preliminary consumer sentiment will also be out in the morning, as economists anticipate a slight uptick to 62% from July's 61.7%.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
Time now for to watch that would be Friday, August 15th. We're gonna start off on geopolitics. It's been a busy week of inflation data, but now all eyes turning to Alaska for President Trump's summit with President Putin. It is the first face-to-face meeting between US president and Russian counterpart since President Biden met with Putin in June 2021. And the summit could have implications for the war in Ukraine as well as the oil markets. And moving over to the economy, US retail sales data for July, that is coming out on Friday. Commer forecasting total retail sales to hold steady at 0.6%, while core retail sales slow to 0.3% on a month over month basis. The new data signaling that consumers are still spending overall, but underlying spending momentum is softening. And speaking of the consumer, we're going to be getting consumer sentiment data for August on Friday. That number's expected to tick up slightly to 62, giving us more insight into the health of the consumer and signaling that they're feeling slightly more optimistic about the economy.
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