Group 1 - The core point of the article is that U.S. retail sales increased by 0.6% in June, surpassing market expectations, but this rise may be influenced by tariff-induced price increases rather than an actual boost in consumer purchasing power [1] - In June, core retail sales (excluding automobiles, gasoline, building materials, and food services) grew by 0.5%, up from a downwardly revised 0.2% in May, indicating a moderate slowdown in consumer spending despite some positive signals [1] - Among 13 major retail categories, 10 experienced growth, with auto sales rebounding after two months of decline, contributing significantly to overall growth [1] Group 2 - The consumer price index (CPI) rose by 0.3% month-on-month and 2.7% year-on-year in June, aligning with market expectations, while core CPI increased by 0.2% month-on-month and 2.9% year-on-year, slightly below the expected 3% [2] - The producer price index (PPI) did not meet expectations, primarily due to a significant decline in service prices, indicating that businesses are absorbing some of the costs from tariff increases [2] - The final demand PPI remained flat month-on-month, with the year-on-year increase dropping from 2.7% in May to 2.3% in June [2]

Core Insights - U.S. retail sales in June reached $720.106 billion, an increase from the previous value of $715.417 billion [1] Group 1 - The retail sales figure for June indicates a positive trend in consumer spending [1] - The increase in retail sales suggests potential growth in the retail sector [1]

Group 1 - The core point of the article indicates that U.S. retail sales excluding automobiles increased by 0.5% in June, surpassing the expected growth of 0.3% and recovering from a previous decline of 0.3% [1]

美国6月零售销售月率高于预期 金十数据7月17日讯，美国6月零售销售月率录得0.6%，为今年3月以来新高，高于市场预期的0.1%。 ...

美国6月零售销售对照小组 0.5%，预期0.30%，前值由0.40%修正为0.2%。 ...

意大利5月零售销售环比 -0.4%，预期 0.2%，前值 0.7%。 ...

Group 1 - The Consumer Price Index (CPI) in Russia increased by 0.07% week-on-week for the week ending June 30, compared to a 0.04% increase for the week ending June 23 [1] - The CPI has risen by 3.76% year-to-date in 2025, up from a previous increase of 3.68% [1] - Retail sales in May grew by 1.8% year-on-year, while construction activity increased by 0.1% year-on-year [1] Group 2 - The volume of goods dispatched decreased by 0.9% year-on-year, indicating a contraction in this sector [1] - The unemployment rate stands at 2.2%, reflecting a stable labor market [1] - Salaries in April increased by 4.6% year-on-year, suggesting wage growth in the economy [1] Group 3 - The economy expanded by 1.4% year-on-year in the first quarter, indicating positive economic growth [1]

德国5月零售销售环比 -1.6%，预期 0.5%，前值 -1.1%。 ...

日本5月零售销售环比 -0.2%，预期 0.3%，前值 0.5%。 ...

Economic Data Overview - Upcoming key economic data includes the June PMI for the US, Eurozone, and Japan, with specific dates for release noted[2][12][13] - Recent US retail sales fell by 0.9% in May, below the expected 0.6%, with previous values revised down[3][10] - Eurozone's May CPI final value matched expectations at 1.9%, with core CPI at 2.3%[3][10] Employment and Consumer Confidence - Initial jobless claims in the US were 245,000, aligning with expectations, while continuing claims slightly decreased to 1.945 million[5][25] - Consumer confidence indicators are set to be released next week, which may impact market sentiment[2][12] Price Trends - Global commodity prices increased by 0.8% week-on-week, while US gasoline prices rose to $3.02 per gallon, up 1.1%[6][27] - The US import price index showed a 0% change in May, exceeding the expected decline of 0.2%[3][10] Financial Conditions - US financial conditions index remained stable at 0.292, while the Eurozone index slightly declined to 0.905, indicating tighter conditions[6][31] - Long-term bond spreads narrowed between the US and Japan, as well as between the US and Germany, reflecting changing market dynamics[6][37]