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January 24, 2014

Just a Minute

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U.S. Consumers Most Confident Since 2007

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the financial markets: Main Trading Event Of The Day: U.S. FOMC Statement @ 18.00 GMT WHAT WE’RE WATCHING TODAY U.S. Consumers Most Confident Since 2007 Americans are more confident now about the economy than at any other time in the past seven years, according to the latest Conference Board survey. The consumer confidence index jumped to 90.9 in July from a revised 86.4 in June, the highest level since October 2007. Expectations had been for the index to slip to 85.0. Consumers are feeling more optimistic because of improved economic growth and a sharp upturn in hiring. Gross domestic product likely grew at a 3.2% pace in the spring after a 2.9% contraction in the first quarter according to projections. The preliminary GDP report will be issued Wednesday....

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