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US: Expect a small increase in consumer confidence – Danske Bank

In the US, the University of Michigan is due to release preliminary consumer confidence for November and will be the key economic release for today’s session, according to analysts at Danske Bank.

Key Quotes

“This rose to the highest level since 2004 in October, underlining the very upbeat sentiment among US consumers. Consensus is for a further small increase but there may be some downside risk as rising gasoline prices may weigh a little on optimism.”

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