The Conference Board released the latest consumer confidence index at 3:00 pm BST. Market was expecting the index to rise from 102.3 in May to 103.6 in June. Actual report showed a much bigger than expected increase to 109.7! This increase was driven by solid increases of both Present Situation and Expectations subindices. This was also the highest reading since early-2022. Apart from Conference Board index, Richmond Fed index for June and housing market data for May was also released at 3:00 pm BST today, which also came in better-than-expected.
USD and US indices gained on the news. However, US indices erased all of the gains already and trade flat compared to pre-release levels while USD holds onto gains made.
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Open account Try demo Download mobile app Download mobile app- Conference Board consumer confidence index for June: 109.7 vs 103.6 expected (102.3 previously)
- CB present situation: 155.3 vs 148.6 previously
- CB expectations: 79.3 vs 71.5 previously
- Richmond Fed index for June: -7 vs -12 expected (-15 previously)
- New home sales for May: 763k vs 670k expected (683k previously)
US500 at 5-minute interval. Source: xStation5
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