US retail sales are expected to rise 0.2% in tomorrow’s September report vs. the previous month, according to The Capital Spectator’s median econometric forecast. The prediction reflects a substantial deceleration in growth compared with the previous month’s 0.6% increase.
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● US stocks end Monday sharply lower on late selloff | MarketWatch
Volatile trading came on the heels of last week’s deep losses that had been triggered by global economic growth concerns.
● Eurozone industrial output falls more than expected in Aug | Reuters
Euro zone industrial production fell more than expected in August, mainly because of a slump in the output of capital goods that are used for investment, data from the European Union’s statistics office Eurostat showed on Tuesday.
● German investor morale tumbles as contraction looms | CNBC
German investor morale sharply in October, new data showed on Tuesday, raising fears that the euro zone engine could contact in the third quarter of 2014.
● IEA Revises World Oil Demand Growth Sharply Lower | NY Times
The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency said on Tuesday, adding that oil prices may drop further.
● UK Inflation Rate Falls to Five-Year Low of 1.2% | Bloomberg
UK inflation slowed more than economists forecast in September as falling oil prices and a stronger pound lowered the cost of imports.
● Fed’s Evans: Biggest Risk to US Now is Premature Rate Hikes | Wall St Journal
Mr. Evans’s comments stood as a pushback to the rising speculation about the timing of Fed rate increases.