US Consumer Sentiment fell to 94.3
Confidence among American consumers in June eased from an almost one-year high as favorable views about personal finances were offset by concerns about the economy’s prospects, a University of Michigan survey showed on Friday. Preliminary June index fell to 94.3 from 94.7 in May; median projection in a Bloomberg survey of economists called for 94. Current conditions index, which takes stock of Americans’ views of their personal finances, climbed to 111.7, the highest since July 2005, from 109.9.
The job market is “really the key to spending in the year ahead,” Richard Curtin, director of the University of Michigan consumer survey, said on a Bloomberg conference call. There were more upbeat attitudes about payroll gains in the coming months, he said. “Consumers aren’t expecting major wage gains. Most of the wage gains being expected are among young people and those in the top third of the income distribution.”
Euro is currently being traded few points above 1.1260 level, Sterling is around 1.4320 handle, while Aussie is at 0.7380 area.
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