U.S. consumer spending up slightly; jobless claims at 45-year low (news: 29/03/18)

Today's press

  • WASHINGTON (Reuters) – U.S. consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter.

  • LONDON (Reuters) – Sterling slipped on Thursday as end-of-quarter flows by investors rebalancing portfolios weighed and economic data failed to impress, though the currency remains on course for its best quarter against the dollar since 2015.

  • Household spending slowed to its lowest annual growth for six years in 2017 amid Brexit-fuelled inflation, with borrowing surging and family savings slumping to a record low.

  • Investing.com – German inflation rose at a slower than expected rate last month, according to a report released on Thursday.

  • Bitcoin (BTC) bears have come out victorious in the two-day tug of war with the bulls and may push prices down to $7,000.

Next trading day's important events

  • 02:30 (GMT+3) JP – Tokyo CPI ex Fresh Food (YoY) (Mar)


Forex quotes:

  • USDJPY: 106.27
  • EURUSD: 1.2299


Indices:

  • S&P 500: 2634.13
  • NASDAQ: 7032.31

Source: Alpari

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