US August retail sales control group +1.4% MoM; consensus +0.4%; July -0.4%.

On the 16th a war-damaged residential block in southwest Gaza City collapsed at about 02:15 local time, killing at least 20 people and injuring 25, with roughly 100 reported missing or believed trapped under rubble. The six-storey building, already declared unsafe after fighting, still housed six households; several nearby refugee tents were also damaged. Palestinian Civil Defense in the Gaza Strip says rescue teams are searching the debris.

Morgan Stanley Investment Management plans to reorganize seven funds into a new ETF structure; if approved, one fund would convert into an EVSM ETF. The board has approved the potential conversion plan, but shareholder approval is still required.