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U.S. consumer spending grows at fastest pace since 2009, savings drop (news: 30/10/17)

Today's press

  • WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.

  • LONDON (Reuters) - Britain’s pound strengthened against the dollar on Monday, as traders geared up for a Bank of England policy meeting later in the week that they expect will produce the first increase in interest rates in more than a decade.

  • BERLIN (Reuters) - German annual inflation slowed in October and remained below the European Central Bank's target, data showed on Monday, lending support to the bank's decision to withdraw monetary stimulus only slowly.

  • Just over a week after pushing past the $6,000-mark for the first time, the world's first cryptocurrency rose to a high of $6,306.58 on the CoinDesk Bitcoin Price Index at 20:30 UTC today. The previous all-time high of $6,183 was set on October 21st and held for just eight days.

Next trading day's important events

Forex quotes:

  • USDJPY: 113.45
  • EURUSD: 1.1614

Indices:

  • S&P 500: 2577.82
  • NASDAQ: 6709.28

 


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