Largely reflecting a weak labor market, consumer confidence fell for the second straight month in December, explained analysts at Wells Fargo. They see that encouraging news on vaccine releases should go a long way to boosting spirits in the months ahead. Key Quotes: “Consumer confidence unexpectedly fell in December from a downwardly revised November performance. The resurgence of COVID cases in recent weeks and subsequent restrictions on activity weighed heavily on the present situation index.” “Not all was bad in today’s report, as consumers’ expectations were more optimistic about the short-term outlook than last month. Encouraging news on the eagerly awaited release of vaccines that could help end the pandemic boosted sentiment around business conditions, employment and income prospects over the next six months.” 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 S&P 500 top movers: Tech shares push higher led by Fortinet Inc FX Street 1 year Largely reflecting a weak labor market, consumer confidence fell for the second straight month in December, explained analysts at Wells Fargo. They see that encouraging news on vaccine releases should go a long way to boosting spirits in the months ahead. Key Quotes: “Consumer confidence unexpectedly fell in December from a downwardly revised November performance. The resurgence of COVID cases in recent weeks and subsequent restrictions on activity weighed heavily on the present situation index.” “Not all was bad in today’s report, as consumers’ expectations were more optimistic about the short-term outlook than last month. Encouraging news on the eagerly… 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.
