US retail sales surged 0.6% MoM, far exceeding expectations and signaling robust consumer demand despite recent tariff volatility. Read more on the market's focus.

Spending rose at a faster clip than expected in June as American consumers once again bucked concern that a slowing economy and tariff-related price increases would crimp spending.

U.S. retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.