On the economic data front, the Conference Board’s US Consumer Confidence Index climbed to 134.1 in May and remained supportive of the. Pound already underpinned by better-than-expected UK Retail.
Economists polled by Reuters had forecast the index rising to 130.0 this month. The survey’s jobs hard to get measure dropped to its lowest level since September 2000. The share of consumers expecting more jobs in the months ahead increased to 19.2% from 16.7% in April, while those anticipating fewer jobs declined to 12.5% this month from 13.2%.
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“We think this will lead to the US imposing another. Index, June (7 expected, 5 prior); New Home Sales, May (685,000 expected, 673,000 prior); Conference Board Consumer Confidence, June (132.0.
Both companies beat estimates last quarter, but may be faced with reducing their reliance on China for merchandise in order to sustain growth. Despite all the tariff talk, U.S. consumer confidence.
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The euro’s rebound against the US. consumer confidence index rose to 134.1 in May, taking it close to last October’s 18-year high. It’s forecast to slip to 132.0 in June. Durable goods orders will.
The Consumer Confidence Survey published by the Conference Board today revealed that the Consumer Confidence Index in May rose to 134.1 from 129.2 in April and came in better than the market.
While that may be true – monetary policy is reaching its limits – especially in the face of a trade war. Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China.
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