US consumer confidence to print robust number - RBS

FXStreet (Delhi) – Research Team at RBS, suggests that in the US, the Conference Board’s index of January consumer confidence is released and will undoubtedly be watched for signs of slippage amid turmoil in global equity markets.

Key Quotes

“But our economists remind in their data preview that the Conference Board survey is more heavily weighted toward the health of the labor market, as two of the five key questions focus specifically on the employment outlook. Amid a string of solid employment reports, we expect the conference board index to actually rise to its best level since October (RBSe 99.0).”