BofA Total Card Spending (w/e 03 Jan) +1.7% Y/Y (prev. +1.3% avg. in Nov); highlights that the holidays were good for holiday shopping
The Bank of America total card spending data shows a year-over-year increase of 1.7% for the week ending January 3, up from an average of 1.3% in November.
Spanish 5-Year Bonos Auction 2.512% (Prev. 2.471% )
Spanish 7-Year Obligacion Auction 2.938% (Prev. 2.885% )
BofA Total Card Spending (w/e 03 Jan) +1.7% Y/Y (prev. +1.3% avg. in Nov); highlights that the holidays were good for holiday shopping
Iranian Foreign Minister says "We are ready for any situation and we do not want war, but we are ready for it and we are also ready to negotiate", Al Jazeera reports
BoE DMP (Dec): 1yr ahead CPI expectations maintained at 3.4%; 3yr ahead maintained at 2.9%
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This improvement suggests that holiday shopping bettered expectations, potentially reflecting stronger consumer demand. If the trend continues, it could influence growth forecasts and offer insights into consumer sentiment and spending patterns going forward.
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