Dollar Notes
A monthly survey that is performed in the US by the Conference Board showed that consumer confidence about the general economic situation rose slightly in August, against all predictions, which caused Wall Street to react with a boost to the market.
The figures showed a rise from the revised 51 for the month of July to a 53.5 index reading for the month of August.
The better than expected figures gained a positive reaction from the Dow Jones index which broke through the milestone 10,000 points barrier with a rise of over 1%.
However, the Conference Board did point out that in general feelings about the future economic situation was still looked upon with some apprehension by consumers and that the situation with the labour market was of particular concern.
Never the less the news in general was welcomed by the markets and had a particularly good effect considering the steady slide US shares had been seeing since the July personal income data was issued on Monday morning.
