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Retail sales figures from Britain and Australia highlight Tuesday’s session, along with industrial output and jobless figures from Europe. Important US trade data are also anticipated. One such piece of data is the key CPI reading expected later in the week.

Tuesday will provide an insight into retail and economic sectors. The BRC Retail Sales Monitor in the UK gives a measure of consumer spending on retail goods. Current forecasts predict a 2.1% increase compared to last year. Major retail companies in the UK like Tesco, Sainsbury’s, and Marks and Spencer will provide updates. Their challenge is to maintain profitability amidst the high cost of living.

In Australia, a 1.2% rise in retail sales is expected for November.

In Germany, industrial production numbers for November are of interest, potentially remaining stable. The unemployment rate in the eurozone is expected to stay at 6.5% in November.

US trade balance figures, indicating the ratio of exports to imports, draw attention. Later in the week, the CPI (Consumer Price Index), which monitors changes in consumer prices, will be a key figure to watch.

In the energy sector, following Saudi Arabia’s decision to lower oil prices and OPEC’s (Organization of Petroleum Exporting Countries) increased oil output, oil prices have fallen by more than 2%.

All information given is based on current data and is subject to change. Any use of the information is at the user’s own risk. CFD trading may not be suitable for everyone, ensure you fully understand the risks involved.

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