The income of U.S. workers rose 0.3% in July, while spending rose by 0.8%, the Commerce Department reported Monday. Adjusted for inflation, personal consumption rose 0.5% last month. Read about income and consumption data.
Indications: Stock futures signal higher open for Wall Street
U.S. stock-index futures trade higher as investors welcomed data on personal spending, as well as Friday’s more upbeat assessment of the U.S. economy by Fed chief Ben Bernanke and weighed the weekend damage wrought by Hurricane Irene.
Read Indications.
Europe Markets: Bernanke, Greek banks fuel gains for Europe stocks
European stock markets are trading higher on Monday, though volumes are thinner with London closed for a holiday. Gainers include Adidas, E.On and ArcelorMittal. Greek stocks rose on the merger of two banks.
Read Europe Markets.
Asia Markets: Most Asia stocks end up, but Shanghai hurt
Most Asian stocks start the week on positive note after Friday’s gains on Wall Street, but Chinese shares are hurt on concerns about fresh monetary tightening.
Read Asia Markets.
Currencies: Dollar softens as Bernanke boosts risk appetite
The dollar weakens, with investors shunning the greenback in quiet trade after U.S. Federal Reserve Chairman Ben Bernanke on Friday signals no immediate round of additional stimulus but leaves options open.
Read Currencies.
Futures Movers: Oil futures gain in electronic trading
Crude oil futures moved higher electronic trading Monday, as investors appetite for riskier asset-classes increased.
Read Futures Movers.
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