KBC Bank 1/4: Today’s economic calendar contains US consumer confidence (U. of Michigan). Consensus expects a steep rise from 84.9 to 89. The prospect of a return to normal as well as yesterday’s blowout retail sales indeed point at strong consumer sentiment.
The consumer business is in “full recovery mode,” says Bank of America CEO Brian Moynihan. $BAC also expressed confidence that commercial lending will pick up later this year.
Expectations around house price growth have hit a seven-year high as consumer confidence soars in the latest Westpac Melbourne Institute survey shows.
#Asia : Market Update: Toshiba share jumped on buzz over buyout offer from CVC Capita; its CEO resigned today. In Australia, Consumer confidence improved in April. N.Zealand kept interest rate unchanged at 0.25% #SSE +0.26 #XJO +0.58 #Nikkei -0.23% #StockMarket
Consumer Confidence Index, just out, is the HIGHEST IN 18 YEARS! Also, GDP revised upward to 4.2 from 4.1. Our country is doing great!
Just out: Consumer Confidence hits highest level since 2000.
The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald!