What to Watch in the Day Ahead - Thursday, July 23
July 22, 2015 at 15:00 PM EDT
Visa Inc, the world's largest credit and debit card company, is expected to report a third-quarter profit, helped by higher U.S. consumer spending boosted by lower gasoline prices and a strong labor market. U.S. consumer spending recorded its largest increase in nearly six years in May on strong demand for automobiles and other big-ticket items. EU antitrust regulators are probing Visa International's inter-regional card fees, after accusing MasterCard of levying excessive fees, earlier in July.