June 17, 2025
United States:
US Retail Sales Drop for a Second Month, Dragged Down by Cars
US retail sales fell for a second straight month in May, suggesting anxiety over tariffs and their finances prompted consumers to pull back after an early-year spending rush.
The value of retail purchases, not adjusted for inflation, decreased 0.9%, the most since the start of the year and restrained by autos, Commerce Department data showed Tuesday.
Europe:
German Investor Confidence Jumps as Fiscal Boost Outweighs Trade
Investor confidence in Germany’s economy improved more than anticipated as a forthcoming surge in public spending outweighs fears over looming US tariffs.
An expectations index by the ZEW institute increased to 47.5 in June from 25.2. the previous month.
Asia:
Japanese Bonds Fall After BOJ Plans Slower Cuts to Bond Buying
Japan’s government bonds fell on Tuesday, nudging yields higher, even after the central bank outlined plans to slow the tapering of its debt purchases in the wake of recent market turmoil.
The 10-year yield jumped as much as 3.5 basis points, while the 30- and 40-year yields — which last month rose to record highs — climbed by 3 basis points.
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