U.S. EconomyOctober 1 at 04:42 AM

BofA (w/e 26th Sept) Total Card Spending +5.6% Y/Y (prev. +6.9%); notes that after a brief reversal last week, lower-income spending growth again outpaced higher income

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The item reports 5.6% year-over-year card spending growth for the week ending September 26 and says lower-income growth again outpaced higher-income growth, without underlying methodology.

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BofA (w/e 26th Sept) Total Card Spending +5.6% Y/Y (prev. +6.9%); notes that after a brief reversal last week, lower-income spending growth again outpaced higher income

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BofA (w/e 26th Sept) Total Card Spending +5.6% Y/Y (prev. +6.9%); notes that after a brief reversal last week, lower-income spending growth again outpaced higher income

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What do investors think?

Today's market highlights

The US has reportedly told France and Germany to release emergency diesel stocks or face a possible export ban, according to sources

[MARKET UPDATE] Energy benchmarks continue to climb (Brent +1.1%), lifting bond yields (UK 30yr 6%) and weighing on the equity space; European tech sector now flat after opening +0.5%; fresh newsflow light

Chinese refiners reportedly suspend fuel product exports beyond Hong Kong and Macau