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PIPELINE

Guidance Updated

US EURODLR FUTURES

BLOCK, Green Pack

OPTIONS

Fading UK Rate Hikes

COMMODITIES

WTI, Brent Surge as Stockpiles Dwindle

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Retail sales in August were up 0.7%, far more than the 0.9% decline forecast by Bloomberg and rebounding from July's downward revised 1.8% drop.

Weakness in sales of motor vehicle (-3.6%), electronics (-3.1%), and sporting goods (-2.7%), was offset by unexpected strength in sales from non-store retailers (+5.3%), furniture stores (+3.7%), and general merchandise stores (+3.5%). Excluding vehicle sales, retail sales were up 1.8% through the month. Excluding both vehicle and gas station sales, retail sales were up 2%.