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US disposable personal income rose 0.3% in January, personal consumption expenditures up 0.2%; rise in personal income reflected increases in government social benefits, personal income receipts on assets, and compensation: BEA

European Commission's Economic Sentiment Indicator fell 0.7 points in February to 95.4 in the euro area; consumer confidence improved due to less negative views regarding their household's past financial situation and intentions to make major purchases

Coty CEO Sue Nabi says increasing competition from China's domestic beauty brands remains in the mass market, yet to reach prestige category; furthermore, local consumers trading down in China will seek out discounts/promotions over more affordable brands

UK retail sales volumes in year to February fell at a modest pace following sharp drop in previous month, down 7% compared to 50% in year to January, expected to fall 15% in March; employment in retail sector fell for sixth straight quarterly survey: CBI

Commentary: California's minimum wage hike for fast-food workers to US$20/hour could make restaurant prices so expensive that people will buy more groceries to cook at home instead; hike could also make other industries raise wages to compete for labor

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