The conference board commented: “[…] Consumer optimism about future income – which was very strongly held in the last few months – has disappeared on a large scale, suggesting concerns about the economy and labor market, began to spread in the assessment of consumers’ personal conditions. ,
Today, traders also had a chance to take a look at the new house sales report for February. The report has shown that +0.5% analyzer has increased the sales of new home +1.8% month and month as compared to consensus.
The US dollar moved away from the climb of the index session as the traders reacted to the disappointing CB Consumer Confidence Report. Currently, the US dollar index is trying to settle above 104.10 levels.
Gold tested a level of $ 3035 after releasing the report. Land traders remain rapidly between geo -political stress and tariff uncertainty.
The SP500 settled near the level of 5780 as traders focus on consumer confidence data. Fall may force the consumer trust fed to be less hawkish, which is rapid for shares.
For a look at all economic events today, check our economic calendar.
