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German GfK Consumer Climate


Stocks on free rise as consumer confidence best in almost two decades

SPX News by Newsroom on 12:45 November 28, 2017 EST

With a score of 129.5 the US CB Consumer Confidence index has set on Tuesday yet another high, and its best since the year 2000, just before the dot com crash. The score was much better than 124 expected.

The current situation component is up to 153.9 and the expectations component is also up to 113.3.

The Richmond Manufacturing Index also exceeded expectations rising to 30, well above 14 predicted.

The Standard and Poors, and all other US indices, are setting new all time highs. S&P500 traded above 2,615 for firt time ever on Tuesday afternoon.