US markets surge despite conflicting data

It has been a day of conflicting data from the US with signs of a comeback in the housing market but falling confidence amongst consumers.

29th May, 2012
Confidence among US consumers unexpectedly fell but there are tentative signs of recovery in America's housing market.

It has been a day of conflicting data from the US with signs of a comeback in the housing market but falling confidence amongst consumers.

Confidence among US consumers unexpectedly fell in May to the lowest level in four months as Americans grew more pessimistic about the labour market, Bloomberg reported. The Conference Board’s confidence index decreased to 64.9 from a revised 68.7 in the prior month, figures from the New York-based private research group...

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