BofA card spending, week to January 10th: +4.6% Y/Y (prev. 1.7%). Strong growth across most categories, partially due to favourable base effects
The latest BofA card spending data indicates a significant year-on-year increase of 4.6%, up from 1.7% previously.
China's Finance Ministry says overseas investors are exempt from VAT on interest from China sovereign and local bonds issued abroad from 8th August 2025 to 31st December 2027
Indian Trade Secretary on the India-EU trade deal negotiation says some agricultural items remain off the table
BofA card spending, week to January 10th: +4.6% Y/Y (prev. 1.7%). Strong growth across most categories, partially due to favourable base effects
[MARKET ANALYSIS] Crude loses its steam as some pressure is let out of the US-Iran situation
BoE Credit Conditions Survey: Demand for secured lending for remortgaging was unchanged in Q4, and was expected to increase in Q1
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This growth suggests strengthening consumer demand across various categories, although it is essential to consider that favorable base effects may be contributing to this acceleration. Market participants should keep an eye on how this trend influences economic outlook and potential implications for central bank policies.
Related headlines
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Week In Focus - 10-14th August 2026 - Highlights include: US CPI, US Retail Sales, RBA, BoJ SOO, and UK GDPAug 07
- Intel (INTC) appoints Dean Jarnac as Executive Vice President and Chief Sales Officer, effective September, reporting to CEO, Lip-BuTanAug 07
- Illinois Tool Works (ITW) announces a 7% dividend increase alongside a USD 6bln share buyback programme.Aug 07
- Newsquawk Daily US Earnings Estimates - 10th August: SPG, FERG, RKLB, HIMSAug 07
- Fed Cook's lawyer says there is no valid cause for removing Cook; will challenge the latest pretext and preserve Cook's position and role at the FedAug 07
- Houthis says have struck Saudi-backed forces, depots, and military equipment with central Yemen, MaribAug 07
- Baker Hughes rig count: Total unch at 588, oil +3 at 454, nat gas -3 at 124Aug 07
- Russian sanctions bill said to be on track to pass the Senate voteAug 07
- US President Donald Trump is moving forward with his attempt to remove Lisa Cook from the Federal Reserve over unproven allegations of mortgage fraud, ABC reports, citing sourcesAug 07
- Iraqi Islamic Resistance says we postponed the response to Saudi Arabia, Fars reportsAug 07
- OpenAI slows release of Astra model citing cyber capabilities, reports AxiosAug 07
- Sam Altman congratulates Oklo (OKLO) for achieving criticalityAug 07
- US State Dept. says it is taking decisive action to cut off the Iranian regime's sources of funding, via Al ArabiyaAug 07
- US Treasury Secretary says we may see an agreement today or tomorrow that will open the Strait of Hormuz for 30 to 60 days, and then energy prices will decrease, Al Jazeera reportsAug 07
- Large explosion heard in the city of Al-Mokha, Yemen, IRNA reportsAug 07
- Pakistani Foreign Ministry says Iranian Foreign Minister Abbas Araqchi is likely to travel to Pakistan on Monday, Al Mayadeen reports, citing sourcesAug 07
- Yemen says any country that sides with Saudi Arabia is an aggressor, Fars reportsAug 07
- Petrobras (PBR) CEO says Petrobras will very likely exceed current oil production projectionsAug 07
The whole workspace, free to try.
Try it free