CB Consumer Confidence Index rose slightly in May. Wall Street’s main indexes cling to strong gains after the data. The Conference Board’s Consumer Confidence Index edged higher to 86.6 in May from 85.7 in April. Further details of the publication revealed that the Present Situation Index fell from 73 to 71.1 and the Expectations Index rose from 94.3 to 96.9. Commenting on the data, “following two months of rapid decline, the free-fall in Confidence stopped in May,” noted Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The severe and widespread impact of COVID-19 has been mostly reflected in the Present Situation Index, which has plummeted nearly 100 points since the onset of the pandemic.” Market reaction This report had virtually no impact on market sentiment. As of writing, the Dow Jones Industrial Average and the S&P 500 were up 2.35% and 1.85%, respectively. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY quickly reverses a dip to session lows, turns neutral around 107.60-65 FX Street 3 years CB Consumer Confidence Index rose slightly in May. Wall Street's main indexes cling to strong gains after the data. The Conference Board's Consumer Confidence Index edged higher to 86.6 in May from 85.7 in April. Further details of the publication revealed that the Present Situation Index fell from 73 to 71.1 and the Expectations Index rose from 94.3 to 96.9. Commenting on the data, “following two months of rapid decline, the free-fall in Confidence stopped in May,” noted Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The severe and widespread impact of COVID-19 has been mostly reflected in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
