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US: The Reuters/Michigan Consumer Sentiment Index up to 83.7 in May

FXstreet.com (Barcelona) - Preliminary data released by the Reuters/University of Michigan shows that the Reuters/Michigan Consumer Sentiment Index rose to 83.7 in May, from 76.4 in April. Market consensus pointed to less growth to 78.

Mersch reiterates asset-quality needed review for ECB

Earlier today, European Central Bank Executive Board member Yves Mersch said an asset-quality review and a stress test for European banks should be carried out by mid-2014, likely ahead of the central bank takes up supervision duties.
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