Eurozone March Retail Sales Miss Forecasts at -0.1% M/M, Boosts ECB June Cut Odds

Latest analysis reveals Eurozone March retail sales fell 0.1% m/m, missing consensus for a 0.3% gain and underscoring fragile consumer demand amid inflation pressures, with YoY at -1.1% beating -1.3% expected. Initial May 7 reports hailed a milder-than-expected -0.1% drop versus -0.3% forecast, supported by +1.2% YoY and EU +0.3% m/m, but breakdowns exposed fuel weakness (-1.6% m/m) and Germany's -2.1% plunge. Divergent country data (Germany -0.3%, Spain +0.6%) and soft core spending now heighten ECB easing bets, pressuring EUR/USD lower absent stronger signals.