Retail Sales of Eurozone to be Declared Today

Retail Sales of Eurozone to be Declared Today

The market participants and analysts who are trading in euro quotes will be eagerly waiting for the announcement of Retail Sales from the Eurozone, which is due for release on Tuesday at 09:00 GMT by Eurostat.  Financial experts are estimating them to be 0.0%. The release of the Retail Sales of the Eurozone is considered high-importance economic news coming from the consumer sector of the market. Furthermore, it is known as the consumer spending indicator that also permits to determine inflation in the euro area.

When the Retail Sales of the Eurozone was disclosed on 5th Apr 2024 at 09:00 GMT, it had a decline of 0.5%. So now, if there is a rise in the readings of the indicator, it will have a favourable impact on the euro quotes. Therefore, the market participants who are trading in the currency are suggested to be vigilant during the announcement of the indicator that shows the retails in March compared to February.

Eurogroup Meeting to be held today

As per the sources from the Council of the European Union, the Eurogroup meeting will be conducted on Tuesday, as the Economic and Financial Affairs Council Meeting will be hosted tomorrow. Since the decisions taken during the gathering will have an impact on the value of the euro quotes, the market participants who are trading in the currency are suggested to observe them and make a note of the decisions made during the meeting. Furthermore, the Eurogroup meeting is a meeting of the Finance Minister of the EU countries.