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Tuesday, July 31, 2007

News Highlights

Investors risk aversion eased after the global stock market rebounded yesterday, the S&P’s 500 index surged 1.15% to 1474, the Dow Jones industrial average roses more than 100pts to 13358.

Important data today will be the release of US June personal spending and income expecting 0.5% vs. 0.4% in May. We’ll also see the release of Canada May GDP tonight, the market expects a reading of 0.4% m/m vs. 0.3% m/m in Apr.

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Economic Calendar (Forex Factory)