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29 Jul 2014
US Consumer Confidence expected to improve – Danske Bank
FXStreet (Edinburgh) - Consumer confidence in the US economy is expected to improve a tad for the month of July, according to Anders Lumholtz, Senior Analyst at Danske Bank.
Key Quotes
“On the data front the US releases consumer confidence for June from Conference Board, which is expected to rise to 86 (consensus 85.5) from 85.2 in May”.
“It would mark a new six-year high for consumer confidence currently boosted by stronger job growth and robust wealth gains”.
“US data on house prices from Case-Shiller for May are expected to show a further gain of 0.3% m/m in May”.
“House price increases have come off from the strong levels last year but are still rising at a 7-8% level on a three-month annualised basis”.
Key Quotes
“On the data front the US releases consumer confidence for June from Conference Board, which is expected to rise to 86 (consensus 85.5) from 85.2 in May”.
“It would mark a new six-year high for consumer confidence currently boosted by stronger job growth and robust wealth gains”.
“US data on house prices from Case-Shiller for May are expected to show a further gain of 0.3% m/m in May”.
“House price increases have come off from the strong levels last year but are still rising at a 7-8% level on a three-month annualised basis”.