BofA institute Total Card Spending (w/e Apr 18) +3.3% (vs last week's +2.6% Y/Y; vs +4.3% during March)
The increase in Total Card Spending suggests a slight acceleration in consumer spending pace, moving from last week's +2.6% to +3.3% year-over-year.
[MARKET ANALYSIS] Geopolitics keeps crude prices underpinned and metals softer amid a firmer USD
United Airlines (UAL) exec warns that ticket prices may rise 20% due to the aviation fuel crisis
BofA institute Total Card Spending (w/e Apr 18) +3.3% (vs last week's +2.6% Y/Y; vs +4.3% during March)
UK S&P Global Composite PMI Flash (Apr) 52.0 vs. Exp. 50.2 (Prev. 50.3, Low. 49, High. 50.2)
UK S&P Global Manufacturing PMI Flash (Apr) 53.6 vs. Exp. 49.5 (Prev. 51.0, Low. 48, High. 51.8)
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However, this is still below the stronger growth of +4.3% seen in March, indicating potential cooling in consumer enthusiasm. This data could have implications for economic growth forecasts and monetary policy considerations moving forward.
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