Eurozone August retail sales rise 0.1% MoM, missing 0.2% forecast

A 0.1% gain after a revised 0.6% drop is stabilization, not recovery, and the miss suggests household demand remains the eurozone's soft spot even as other activity data have firmed. For crypto and RWA markets, the read-through is indirect: soft consumption keeps the disinflation and rate-cut debate alive, which is the macro channel that has driven risk appetite this cycle. Whether the coming months show genuine consumer recovery or another stall is the open question.