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US retail sales increased 0. 4% month-on-month in October, according to the Census Bureau, following an upwardly revised 0. 8% gain in September and beating consensus estimates of a 0. 3% rise.
The European Commission has reduced its economic growth forecast for the eurozone next year, and warned that projections could be reduced further in the event of increased protectionist measures – such as those proposed by Donald Trump.
Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector.
