Wall Street was poised to open lower on Friday after data showed that U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could revive expectations of an interest rate hike in September.
A strengthening labor market and lower gasoline prices mean Americans have extra cash for the holidays. Some economists are forecasting the money will keep flowing into, and out of, consumers’ pockets next year.
The U.S. Commodity Futures Trading Commission issued five Orders filing and settling charges against Citibank, HSBC, JPMorgan, RBS and UBS for attempted manipulation of global forex benchmark rates to benefit the positions of certain traders.
Staff at the ECB’s new overseer are preparing to monitor capital issuance by banks, and processing the results of a year-long asset review that revealed a stash of soured loans in the bloc now amounts to almost 900 billion euros ($1.1 trillion).