BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
German Retail Sector Faces Decline in September
The business climate in Germany’s retail sector worsened in September, as revealed by the latest Ifo Institute survey. Retailers assessed their current situation as slightly more negative compared to the previous month and showed growing concern about the months ahead.
Economic Policy Uncertainty Dampens Consumer Spending
According to Patrick Hoeppner, an Ifo expert, consumer uncertainty surrounding economic policy is affecting spending habits. As a result, the prospects for dynamic growth in private consumption remain bleak for the remainder of 2024. The cautious approach of consumers is contributing to the negative sentiment within the retail sector.
Retail Outlook for 2024
Given the current economic climate and concerns over policy direction, Germany's retail sector is likely to face continued challenges. The slowdown in consumer spending is expected to hinder growth, resulting in a subdued retail outlook for the rest of 2024.
