Morning Bid: U.S. retail under scrutiny

By Mike Dolan

LONDON (Reuters) - What matters successful U.S. and planetary markets today

By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets

Friday's crisp bounce connected Wall Street flattered a unsmooth week, but banal futures were backmost successful the reddish again aboriginal contiguous arsenic investors proceed to fret astir the interaction of each the economical argumentation upheaval connected American households.

I'll reappraisal what's moving planetary markets this greeting and past research however the Trump administration's imaginable program to weaken the dollar could instrumentality Wall Street down with it.

Today's Market Minute

* Oil prices struck a two-week precocious connected Monday, U.S. banal futures slid portion those successful Asia charged higher.

* U.S. President Donald Trump said helium has nary volition of creating exemptions connected alloy and aluminum tariffs and said reciprocal and sectoral tariffs volition beryllium imposed connected April 2.

* There are "no guarantees" determination volition not beryllium a recession successful the United States, though determination could beryllium an adjustment, Treasury Secretary Scott Bessent said successful an interrogation that aired connected Sunday.

* China's State Council unveiled connected Sunday what it called a "special enactment plan" to boost home consumption, featuring measures including expanding residents' income and establishing a childcare subsidy scheme.

* The United States volition support attacking Yemen's Houthis until they extremity attacks connected shipping, the U.S. defence caput said connected Sunday, arsenic the Iran-aligned radical signaled it could escalate successful effect to deadly U.S. strikes the time before.

U.S. retail nether scrutiny

Monday's U.S. retail income update for past period volition beryllium successful crisp absorption today, contempt statement forecasts for a brisk rebound successful buying aft a weather-related driblet successful January.

Once that's out, the Atlanta Federal Reserve volition update its closely-watched 'GDPNow' model, wherever the existent estimation is for an alarming first-quarter economical contraction of 2.4%.

Meanwhile, Donald Trump's caller medication appears to person nary volition of slowing the gait of argumentation disruption, but is alternatively telling Americans to brace themselves for a bumpy ride.

Treasury Secretary Scott Bessent connected Sunday again refused to regularisation retired a recession, adding that banal marketplace corrections similar the 1 the S&P 500 recorded past week were "healthy".

"We are going to person a transition, and we are not going to person a crisis," Bessent told NBC's "Meet the Press".

Otherwise, it's a large week for cardinal banks, with the Fed, Bank of Japan and Bank of England each meeting, However, nary large argumentation moves are expected by immoderate of them.