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)
- USDJPY: 106.27
- EURUSD: 1.2299
- S&P 500: 2634.13
- NASDAQ: 7032.31