Germany Retail Sales (MoM) below forecasts (0.4%) in July: Actual (-3.4%)

Germany’s Retail Sales fall by 3.4% MoM in July vs. 0.4% expected

German Retail Sales, a key measure of consumer spending, showed a downside in July. The consumer spending measure fell 3.4% month-on-month (MoM), according to official data released by Destatis, while it was expected to have increased 0.4%. In June, Retail Sales arrived at 0% (revised from -1.1%).
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Indian Rupee: Growth surprise supports range view against US Dollar – Commerzbank

Commerzbank strategists argue that stronger-than-expected Q2 2026 Gross Domestic Product (GDP) at 7.8% yoy reinforces India’s relative growth advantage and reduces expectations of Reserve Bank of India (RBI) easing.
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