What to Watch in the Day Ahead - Thursday, July 23

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.
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